Yorkshire Building Society reconfirms availability of large salary multiples

03-Nov-2006

Potentially of interest to first time buyers, Yorkshire Building Society has reconfirmed its commitment to accepting larger income multiples.

Yorkshire Building Society is able to offer five-year and ten-year fixed-rate mortgages, with income multiples of up to five times an annual salary to first time buyers and repeat purchasers, providing strict criteria are met.

Both mortgages are available at an interest rate of 5.09 per cent.

"We recognise that affordability and obtaining a large enough mortgage to buy a home is a big issue for many people," said David Heshon, product development manager for Yorkshire Building Society.

"We believe that we have struck a balance by allowing up to five times salary and acting responsibly by limiting this option to selected products that provide the customer with stability of payments," he added.

Yorkshire Building Society offers a range of mortgages, with best-buy fixed interest rates from 4.39 per cent.

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

If you want to influence government policies for first time buyers, sign the FirstRungNow first time buyer petition.

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