Yorkshire Building Society launches new range of mortgages for first time buyers

Yorkshire Building Society has launched a new range of mortgages that are aimed at first time buyers.

All three mortgages in the range come without any upfront fees, £500 cashback, and loans up to 85% of the value of property.

With typical house prices for first-time buyers now standing at around £155,000, Yorkshire are reminding consumers that there’s more to a mortgage than just a headline rate, and that their range of new products could help them save over £1,700.

The full range of new mortgages (all of which are available up to 85% LTV) are as follows: a two year fixed rate product at 5.19% with free valuation, free legal fees and no product fee, a three year fixed rate product at 5.49% with free valuation, free legal fees and no product fee, and a 5 year fixed rate product at 5.79% with free valuation, free legal fees and no product fee.

Tom Girling, Product Manager for Mortgages, Yorkshire Building Society, said:

“With so many other things to buy to furnish that first home, we know that first time buyers need a little help when it comes to fees. This range, exclusive to first time buyers, also offers £500 cashback which might just be enough to get that flat-screen for the World Cup.

“These mortgages are available online and from all our branches, where our fully qualified mortgage advisers can guide and support people through the house buying process.”