Latest mortgage news and deals and offers from the Yorkshire Building Society
Yorkshire Building Society Reduces the Rate on Two Year Fix Mortgage.
It seems that currently Competition in the two and five year fixed rate space is fierce as lenders bid to out do each others’ headline rates due to lenders having more access to cheap mortgage funding thanks to the funding for lending scheme.
The latest house purchase and mortgage figures released this week show there has been a real increase in activity in the past few months. Read more
Yorkshire Building Society re-launches 10 year Mortgage.
It appears that in recent months borrowers have been taken advantage of the current low mortgage rates by fixing their payments.
Though mortgage rates have been increasingly falling since the launch of the funding for lending scheme last year, lenders have faced a great deal of criticism for fees which have risen and swallowed up much of the benefit to borrowers. Read more
Yorkshire Building society launch a market leading fixed rate product.
Yorkshire building society is Britain’s second largest building society and also the ninth largest high street financial services provider.
The building society has recently announced a ‘solid financial performance’ in 2012, their new mortgage lending has increased by 12 per cent to £4.6 million. Read more
Home buyers can now benefit from lower fixed rate mortgage deals as the money market signals that a rise in the base rate is in some way off yet.
Historically 5 year fixed rate mortgages with a rate below 5% was considered a good deal, therefore seeing rates as low as 3.99% for a 10 term is quite remarkable. Read more
Customers of the internet bank Egg are set to move to Yorkshire Building Society following a move by the northern based company to purchase Egg’s customers. The move which was announced recently still requires approval in the courts as it will mean £2.5 billion of savings and £430 million in mortgages will move to the Yorkshire Building Society. Read more
Recently the Yorkshire Building Society has reviewed its mortgage range and is cutting the rates on a number of its products. As part of the review into the Yorkshire Building Societies mortgage range they have decided to cut interest rates on their two year fixed rate mortgages as well as their five year fixed rate mortgage range. These changes have resulted in the Yorkshire Building Society being catapulted to the top of the mortgage best buy tables. Read more
Low mortgage rates are here for the foreseeable future as banks and building societies fight to pull in a larger share of the mortgage market. One thing to look out for amongst all the headline grabbing rates is the fees that are associated with some of these deals. Read more
What will happen next, this is the question on everyone’s lips. Will the base rate change, will it maintain it’s record low, will lenders continue to compete for customers and reduce rates even further. All good questions and key questions if you are looking to invest in the near future. Read more