Yorkshire Building Society launches new fixed-rate mortgage

15-Dec-2006

Yorkshire Building Society has announced the launch of a new fixed-rate mortgage, available to first time buyers and repeat purchasers.

Fixed over a period of ten years, Yorkshire's new mortgage is available from December 15th at an interest rate of 4.95 per cent, which may benefit those who expect further interest rate rises early in the new year, particularly first time buyers.

The mortgage is available with a loan-to-value of up to 95 per cent and comes with a £595 mortgage fee.

To find out more about this mortgage, contact a good mortgage broker.

"Reports from the branch network indicate that there is an increasing demand for longer term fixed-rate products," said David Heshon, product development manager at Yorkshire Building Society.

The building society has also launched three other fixed-rate mortgages, available between two and five years, but is able to offer a range of other mortgage types, including offset mortgages and variable rate packages.

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