"Paying off the Help to Buy equity loan could save homeowners from paying additional interest and management fees"
The range includes two and five-year fixed rate options up to 90% LTV starting at 1.77%.
All products comes with £150 cashback, free standard valuation and free legal fees, which includes any additional charges by solicitors for paying the equity loan part off.
For borrowers repaying the government’s equity loan in full, the Yorkshire is offering a two-year fixed rate of 2.05% at 90% LTV with a £495 product fee.
Janice Barber, mortgage manager at Yorkshire Building Society, said: “The Help to Buy scheme is a great initiative designed to help people to get on the property ladder, but it’s an important time for borrowers to review their options as they come to the end of their interest-free years on the equity loan.
“Paying off the Help to Buy equity loan could save homeowners from paying additional interest and management fees, and remortgaging could ensure they benefit fully from any future equity in their property.
“Our Next Step mortgage range provides borrowers with an alternative option to consider when refinancing their property, and we’d encourage Help to Buy borrowers nearing the end of their initial deal term to speak to one of our mortgage advisers for more information.”
