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Yorkshire offers 2.99 fixed-rate

Thursday 18th March 2010

Yorkshire Building Society is offering its lowest ever headline two-year fixed rate mortgage at 2.99 per cent at up to 50 per cent LTV with a fee of GBP 995.

For people with slightly less equity in their home the Society also offers a two year fixed rate mortgage at 3.09 per cent at up to 60 per cent LTV with a fee of GBP 1,195 which has featured in best buy tables since its launch five weeks ago.

Tom Girling, product manager for mortgages, said: "Our 2.99 per cent two year fixed rate mortgage is a great product for the four in ten mortgage borrowers who own more than half of their home. We urge people currently sitting on their lender’s standard variable rate to consider fixing their mortgage payments for a set period of time which will help to counter any movements in base rate over the coming months.”

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