Fee-free remortgage range launches at YBS

Yorkshire Building Society has announced that it has launched a new range of remortgage products with no upfront fees as well as free standard valuation and free legal fees.

Related topics:  Finance
Warren Lewis
23rd July 2018
yorkshire 3

According to the lender, the rates start at 1.83% for a two-year fixed rate mortgage up to 60% LTV and 2.13% up to 85% LTV.

YBS has also launched five-year fixed rate options which are available from 2.13% at 60% LTV, 2.23% at 75% LTV and 2.44% at 85% LTV.

The mutual says it is offering longer-term fixes to give borrowers more choice and the opportunity to lock into a fixed rate deal amid economic speculation of a potential Bank Rate rise.

Ahead of the last Bank Rate rise in November 2017, the Society saw a surge in borrowers turning to fixed rate mortgages.

Janice Barber, mortgage manager at Yorkshire Building Society, said: “We hope our new remortgage options, all of which come with no upfront fees, will appeal to customers looking to minimise the costs of remortgaging.

Additionally, as speculation about a Bank Rate rise continues we wanted to give borrowers a new range of competitive longer-term options to consider if they want to take advantage of the peace of mind of knowing exactly what their monthly repayments will be until 2023.”

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