Thursday 19th June 2008
Those facing untenable monthly repayments on their mortgages might be interested in new products from Yorkshire Building Society.
Officially available from Monday, June 23rd, the new additions to the range comprise two and five-year fixed-term offers.
Each fixes the mortgages rate of interest at 5.99 per cent for the relevant term and is available at loan-to-value ratios of up to 75 per cent.
While the five-year option may provide greater peace of mind, it does come at a greater cost.
Fixed arrangement fees are in place of £2,495 for the five-year fixed rate and £1,995 for the two-year alternative.
Tom Girling, Yorkshires product manager for mortgages, says: "These new products have been designed to help borrowers manage their monthly budgets."
On the other side of the affordability fence, the financial services provider also recently launched a seven per cent fixed-rate savings bond with interest paid monthly or annually over its two-year duration.
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