Yorkshire Building Society has today announced that it will be cutting rates on all its fixed rate mortgage deals from Friday.
The new deals are available for home-movers and customers who wish to remortgage and offer low rates with high fees, high rates with low fees, and higher rates on fee free options.
The two-year fixed range will start at 4.99% and three-year fixed-rates start at 5.19% with a 2% fee.
Five-year deals will be cut to 5.59%, while ten-year fixed rates begin at 5.69% with a 2% fee. Fee-free options on all fixed rate deals feature an interest rate of 6.44%.
Commenting on the rate cuts, Chris Edwards, head of mortgages and savings at YBS, says: “We have taken advantage of the current volatility in the money markets which has allowed us to pass on the lower rates to our members.”
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