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Yorkshire Building Society to launch into 115 per cent mortgage market

Yorkshire Building Society is expected to announce details of the launch of a 115 per cent mortgage product aimed at first-time buyers next week.

This follows Abbey’s move to re-enter the 100 per cent market this month which saw it launch four fixed rate mortgages and one tracker mortgage, all available to 100 per cent, from 6 June.

It is understood that Yorkshire is currently going through pricing details but will make an announcement on the full details as early as next week.

Alexander Hall chief operating officer Andy Pratt says there has been a lot of talk since Abbey launched into the 100 per cent market and expects there will be a lot more lenders following its move.


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