Customers with a 5% deposit who are looking to fix their repayments over a longer period can also get a five-year fixed rate mortgage reduced by 0.40% to 4.99%.
For borrowers with a 35% deposit, cuts include:
- 1.89% three-year fixed rate mortgage with an £845 product fee
- 2.24% five-year fixed rate mortgage with an £845 product fee
Borrowers with a 25% deposit can now pick up a two-year fixed rate mortgage with a rate of 1.49% with an £845 product fee.
Brendan Gilligan, Mortgage Product Manager at Yorkshire Building Society, said:
“The demand for 95% mortgages is still very clear across the market and we’ve seen an increase in uptake from our customers in the last 12 months. Our aim has always been to help people get on the property ladder and buy their own home. By offering competitive rates on mortgages for customers with a 5% deposit, we aim to give first-time buyers the support they need to do this. The rate reductions across the rest of our mortgage range continue Yorkshire Building Society’s commitment to offer value for money to all our customers through competitive fixed rate deals.”
