Yorkshire Building Society has announced that it is to launch new two-year mortgage deals that offer discounts from the mortgage lender's standard variable rate (SVR).
Potential mortgage borrowers can choose between a fee-assisted discount mortgage and a lower discounted mortgage rate with an initial mortgage fee.
The standard discounted mortgage has a mortgage rate that is two per cent lower than the mortgage lender's SVR. A mortgage fee of £495 applies, but there are no charges for early repayment or compulsory insurance.
A discount of 1.5 per cent off the SVR applies to the fee-assisted discount mortgage, for which there is no mortgage fee.
Cashback of 0.6 per cent applies and remortgage customers get a refund on valuations and a free in-house legal service package.
New and existing customers of the society can apply for these mortgages, up to a maximum loan to value of 95 per cent.
"There has been much speculation that interest rates will fall during 2006, with many experts predicting the first rate cut as early as February which may result in fixed rate mortgages becoming less popular, whilst variable rates become more attractive," comments Rachel Court, the head of mortgages at the mortgage lender.
Yorkshire points out that interest on these mortgages is calculated on a daily basis, making these deals 0.15 per cent cheaper than similar mortgages with other mortgage lenders that calculate annual interest.
Mortgage lender launches discounted deals
Mortgage Quote Line
0845 108 0505
Mortgage lender launches discounted deals
Wed, 04 Jan 2006
Recommended links
Yorkshire building society offers discount mortgagesDiscounted buy-to-let mortgage launched by Leeds
Trackers and discount mortgages best value, expert advises
Best value mortgages on the market are trackers and discounts
Discounted mortgages from Kensington
Nottingham tops list for long-term discount mortgage
Mortgage lender launches discount mortgage
Lloyds launched new flexible discount mortgage
Find a mortgage on sale
Compare mortgage lenders in the UK
Fill in our mortgage enquiry form and let us find you the best deal
| mortgages news |
|---|
| Higher mortgage repayment levels - Fri, 03 Jul 2009 |
| Commercial mortgages begin to open up in London - Fri, 03 Jul 2009 |
| Mortgage rescue scheme to improve - Fri, 03 Jul 2009 |
| More News |
Mortgage Rates by Lender 
Worried about Mortgage Repayments?
- Join our petition to Government to bail out burdened individuals, not just banks.
Free Mortgage Quote
Mortgages in Scotland
Equity Release
Switching Mortgages
Home Reversion Plans
Commercial Mortgages Arrears & CCJs?
Remortgages- Sub prime mortgages
- Arrears, CCJs
- Self certification
- Debt consolidation
Protect Your Mortgage