"It’s a really interesting time for financial services, with the strategic landscape presenting a wealth of opportunity for building societies and challenger banks."
Yorkshire Building Society has appointed a director of partnerships and launched two new low rate mortgages.
Ashley Price has been promoted to director of partnerships and will help the mutual to secure new relationships with third party partners to drive efficiency and growth.
The Society is looking to build relationships with other organisations in areas where there’s demand for a customer product or financial solution it currently does not provide.
YBS has also launched two new low rate mortgages - a two-year fixed rate at 1.27% up to 65% LTV and a two-year fix at 1.29% up to 75% LTV, both with a £1,995 completion fee.
Ashley commented: “I’m delighted to be appointed to this new role. It’s a really interesting time for financial services, with the strategic landscape presenting a wealth of opportunity for building societies and challenger banks.
“I’m looking forward to enabling the Society to build strategic partnerships and grow into areas which can deliver new ways of helping our existing and future members with their financial goals.”
Emma Jaggar, mortgage manager at Yorkshire Building Society, added: “We are pleased to launch these products to borrowers who are looking to take advantage of the low interest rate environment. Our fixed-rate mortgages, and the stability they offer, are proving popular with borrowers so we’re sure these new rates will be a welcome addition to the range.
“We’re committed to offering competitive home loan options to suit a variety of borrowers’ needs and are proud to be able to launch two new mortgage products, both of which come with low rates.
“Borrowers who opt for these products could benefit from lower monthly payments but may wish to take advantage of overpayments to reduce the amount of interest they pay or reduce the term of their mortgage. It’s just one way people can manage their mortgage flexibly to meet their needs.”