Yorkshire Bank announced a boost for homeowners today with the launch of a fee free mortgage offer.
From Tuesday 5th May, the Bank is waiving arrangement fees for new customers looking to re-mortgage on a range of fixed rate, offset and current account mortgages. This offer, which is available for a limited time, represents a saving of £999 which is the current re-mortgage arrangement fee for fixed, offset and current account mortgages.
In addition, fixed and offset customers re-mortgaging from another lender won’t have to pay any legal or valuation fees providing their mortgage is over £25,000 and they use Yorkshire Bank’s appointed solicitors. Plus customers are entitled to a free switching package.*
|2 Year Residential Fixed < 60%||3.99||999||0|
|2 Year Residential Fixed < 80%||4.19||999||0|
|2 Year Residential Fixed > 80%||5.99||999||0|
|5 Year Residential Fixed < 60 %||4.79||999||0|
|5 Year Residential Fixed < 80 %||4.99||999||0|
|5 Year Residential Fixed > 80 %||6.49||999||0|
|Variable Offset < 60%||3.79||999||0|
|Variable Offset < 80 %||3.99||999||0|
|Current Account Mortgage < 60%||3.79||999||0|
|Current Account Mortgage < 80 %||3.99||999||0|
Yorkshire Bank, and its sister company, Clydesdale Bank, are confident that the re-introduction of the offer will be welcomed by homeowners. The Banks have already seen a significant rise in the number of mortgage applications in 2009 with a 40% increase in the first in the first five weeks of the year.
Gary Lumby, Head of Retail for Yorkshire Bank, said: “At Yorkshire Bank we are focused on delivering a range of products that meet the needs of our customers.
“The current economic climate means that fewer people are moving home and instead are looking to re-mortgage in order to take advantage of more competitive mortgage rates. Our fee free mortgage is designed to help people find the correct mortgage to suit their individual needs without having to pay an arrangement fee.”
Yorkshire Bank was named “Best Regional Lender” by Your Mortgage magazine for the tenth year and remains committed to meeting the needs of its customers
*The switching package for fixed and offset includes free valuation and solicitors’ fees For current account mortgages there is a free valuation and £200 towards legal costs.