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Yorkshire unveils new loan range

Yorkshire Building Society is launching a range of flexible mortgages including fixed, discount and tracker products.

Its new flexible tracker mortgage has a rate of 3.95 per cent – 0.05 per cent below the Bank of England rate – for two years. It is available up to a loan to value ration of 95 per cent. There is a fee of £295.

For an LTV of 75 per cent, Yorkshire is offering a fixed rate of 4.99 per cent for two years, which increases to 5.49 per cent for LTVs of 95 per cent. It is also offering a five-year fix at 5.89 per cent for loans up to 95 per cent LTV.

Its new discount mortgage has an interest rate of 2.95 per cent for the first year and 4.95 per cent for the second year.

At the end of the special rate period, each mortgage will revert to Yorkshire&#39s variable mortgage base rate, which is currently 5.45 per cent.

Product development manager Mark Underhill says: “The new products continue to allow us to offer a mortgage to suit everyone&#39s needs. With analysts forecasting rate changes later in the year, a number of borrowers are looking to fix their mortgage rate. However, many others are looking for products which follow the changes to the base rate.”

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