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Yorkshire offers new offset tracker for life

Yorkshire Building Society is launching a new offset account that will track the Bank of England base rate for the full term of the mortgage.
It offers borrowers a tracker rate 0.45 per cent above the Bank of England base rate, currently 4.95 per cent.
Homeowners are also offered unlimited overpayments and no early repayment charges.
Yorkshire Building Society head of mortgages Rachael Court says: “The offset mortgage market is growing rapidly as more people become aware of how they can benefit from combining their borrowings and savings.
Like everything, different borrowers want different features and our range of offsets- tracker and fixed rates, fee assist or lower rate- shows that Yorkshire is still leading the pack in this field.”

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