"We have launched this new ten-year fixed rate mortgage in response to strong customer demand for a longer-term fix."
The product is available at 2.89% up to 75% LTV and is available for either house purchase or remortgage.
Brendan Gilligan, Mortgage Product Manager for Yorkshire Building Society, said: “We have launched this new ten-year fixed rate mortgage in response to strong customer demand for a longer-term fix. These requests follow uncertainty about the economy and interest rates after the UK voted to leave the European Union.
“We’re proud to launch the lowest ten-year fixed rate at 75% LTV available on the market and as it features a porting facility, borrowers have the reassurance that they may be able to transfer their mortgage should they want to move house during the fixed rate period.”
YBS has also launched two mortgages for borrowers with 5% and 10% deposits.
The Society is offering a two-year fixed rate 1.94% mortgage for those with a 10% deposit, available for purchase or remortgage with a £1,345 product fee.
YBS is also offering a two-year fixed rate at 3.48% up to 95% LTV, for purchase only with an £845 product fee.
