The Yorkshire provides a range of fee-free mortgages, including free valuation assistance, at 85% and 90% LTV specifically for first time buyers, as well as allowing them to choose a mortgage from the wider house purchase range.
And in a boost to all home buyers and remortgaging customers, the mutual is also reducing rates by up to 0.30% on selected mortgages at 75%, 85% and 90% LTV.
New headline mortgages include:
- 2.79% three year fixed rate at 75% LTV, with £995 fee
- 3.94% two year fixed rate at 90% LTV, with £995 fee
- 4.19% two year fixed rate at 85% LTV for first time buyers, with zero fee, £1,000 cashback on completion and free valuation
Offset alternatives are available of each and are priced 0.20% higher than the non-offset equivalents.
Chris Smith, Yorkshire Building Society's Direct Mortgage Manager, said:
"By offering £1,000 cashback we are giving first time buyers real support towards the cost of getting on the property ladder.
"Thanks to our range of competitive mortgages and the personal service we provide, we have seen the number of first time buyer mortgages provided increase by about a third this year.
"We expect these changes and our ongoing commitment to helping all borrowers, whether they have a large or small deposit, will allow us to help even more first time buyers."
First time buyers can apply for a Yorkshire mortgage online, over the telephone or in branch, though 90% LTV products must be made on an advised basis in branch.
