Yorkshire Building Society cuts remortgage rates | Mortgage Strategy

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Yorkshire Building Society has cut selected remortgage rates for customers with small or larger amounts of equity in their property.

It offers an 80% loan-to-value product at a two-year fixed rate of 1.85%, and an 85% LTV at a two-year fix of 2.40%. Both mortgages come with a £1,495 product fee.

The firm also sells five-year loans, starting at 1.52% for those with 25% equity, which also comes with a £1,495 product fee.

The group’s range also includes options for those looking to remortgage at up to 90% LTV, with a two-year fixed rate of 2.99%, or a five-year fixed rate of 3.34%. Both of which come with a £995 fee, free standard valuation and free remortgage legal services.

Yorkshire Building Society mortgage manager Ben Reed says: “As more borrowers start to consider their remortgage options, we’ve reviewed our range to give homeowners better choice.

“With a combination of lower rates and additional features such as free standard valuation, cashback or free remortgage legal services, we hope to give borrowers a number of options to be able to best choose which suits their individual needs.”

In April, the group launched a 95% mortgage for first-time buyers, with a  five-year fix at 3.99 per cent, and a £995 fee. It includes free standard valuation. The loan does not use the government’s mortgage guarantee scheme.

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