Yorkshire launch three-year fixed rate mortgage at 3.65%.

Yorkshire Building Society has launched a new three-year fixed rate mortgage at 3.65%.

The new deal is available at any of the Yorkshire’s 135 branches, and is open to borrowers able to put up a 25% deposit with a fee of £995. A three-year fixed rate at 4.59% is also available for borrowers with a 15% deposit and a £495 fee.

For those looking for longer-term security, the Society is also offering similar five-year and ten-year fixed rate deals at 3.99% and 4.99% for borrowers with a 25% deposit.

Tom Girling, Product Manager for Mortgages said:

“Around 8 in every 10 of our mortgage applications are for a fixed rate product and the new three-year deal will join our existing range of competitive fixed rate products. There is certainly a demand for this type of mortgage as borrowers look for security, good value and great service – three great reasons to choose a Yorkshire fixed rate deal.

“Although we are currently in a low base rate environment, it is almost inevitable that rates will rise over the next few years. With concerns about inflation and rising costs elsewhere in the household budget, fixing your mortgage can give you piece of mind when it comes to your repayments.”