Yorkshire launches lowest fixed rate on market

Yorkshire Building Society has launched the lowest fixed rate mortgage on the market, a two-year deal charging 1.17%.

It is available to borrowers with a 35% deposit, and has a £1,345 product fee.

Options for customers who want to offset their mortgage include a 1.37% two-year fixed rate with a £1,345 product fee at 65% LTV.

Brendan Gilligan, product manager at Yorkshire Building Society, said: “As a financially robust mutual lender, we reinvest our profits into the business to provide the best rates possible for our members.

“We’re proud to offer the lowest two-year fixed rate mortgage currently available.”

Charlotte Nelson, finance expert at Moneyfacts.co.uk, confirmed that the Yorkshire deal is today's lowest two-year fix

“This means it will be a highly attractive choice for borrowers with a 35% deposit who are looking to keep their monthly repayments down.”

Yorkshire Building Society offers a range of mortgages, including some with no product fee with rates starting from 1.89% for a two-year fixed rate for borrowers with a 35% deposit.