The Yorkshire Building Society is cutting rates on the rescheduling margin
The Yorkshire Building Society has reduced select customer rescheduling rates for those with small or large amounts of equity in their property.
Borrowers who require a loan-to-value (LTV) of 80% can now benefit from a 2-year fixed rate of 1.85%, while those looking for an LTV of 85% can benefit from a 2-year fixed rate of 2 , 40% received. Both mortgages come with a product fee of £ 1,495.
Alternatively, homeowners looking to lock their mortgage longer can benefit from 5 year deals starting at 1.52% from 75% LTV, which also come with a product fee of £ 1,495.
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The offering also includes options for those looking to reschedule up to 90% LTV, with borrowers being able to take advantage of a 2-year fixed rate of 2.99% or a 5-year fixed rate of 3.34%, both with a £ 995 fee, free standard valuation and free legal advice on debt restructuring.
Ben Reed, Mortgage Manager at Yorkshire Building Society, said, “As more borrowers consider their rescheduling options, we reviewed our offer to give homeowners better choices.
“With a combination of lower interest rates and additional features such as free standard valuation, cashback or free legal advice on debt restructuring, we hope to give borrowers a range of options to choose the one that best suits their individual needs.”