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YBS introduces two-year fixed mortgage at 1.19%

Yorkshire Building Society

Yorkshire Building Society has announced the launch of a new two-year fixed rate mortgage at 1.19%.

Rates have been cut on selected remortgage and house purchase products and additional features such as free standard valuation, free legal service and cashback on completion up to £500 have also been added to some of the mutual’s mortgages.

Products available include a two-year fixed rate product at 65% LTV at 1.19% (£995 fee and £500 cashback) and a five-year fixed rate remortgage product at 75% LTV at 2.39% (no product fee, free standard valuation, free legal service and £250 cashback on completion).

More than £35bn worth of mortgages are due to mature in September and October this year.

Charles Mungroo, mortgage manager at Yorkshire Building Society, said: "With so many maturities in the next couple of months, now is the perfect time to support those looking for a new deal with a range of different options to meet a variety of needs. 

"We hope by reducing rates on mortgages and adding attractive additional features to selected mortgages it will ease the cost of remortgaging for borrowers and give them a helping hand at what can become an expensive time.”

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