Rates will start from 2.19% for a three-year fixed rate, and 2.54% for a five-year fixed rate. Both the three-year and five-year products are available for those borrowing between 65% and 95% of their property’s value.
They will be available in-branch, online or over the telephone and via Barnsley and Chelsea building societies as well as the Yorkshire.
The Yorkshire recently commissioned research into the incentives and obstacles facing home buyers which found that paying up-front fees (75%) was among the biggest barriers faced among prospective home buyers.
Jemma Anderson, Yorkshire Building Society Mortgage Manager, said:
“Paying up-front fees is often a major obstacle for some home buyers and we have tried to ease that pressure with these new mortgages.
“We hope removing our up-front fees and giving £1,000 cashback on this new range of mortgages will help people buy the property they want and turn it into a home.”
