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Two-year tracker range from Yorkshire BS

Yorkshire Building Society is today launching a range of two-year tracker mortgages with no early repayment charges.
The new deals offer homeowners a tracker rate set at 0.25 per cent below the Bank of England base rate which currently stands at 4.5 per cent.
Borrowers moving their mortgage will pay Bank of England base rate for two years. A second two-year tracker mortgage without any fees and offering a contribution to legal and valuation costs is also available at the base rate plus 0.55 per cent for remortgagers.
Yorkshire BS head of product development Ian Bullock says: “We have decided to launch this range with no charges even if the whole mortgage is repaid during the two-year tracker period. As most analysts are now forecasting that the base rate is close to peaking with a reduction in rates expected as early as next year, these new products offer fantastic value for borrowers.”

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