More borrowers favouring longer-term fixes
New evidence supports Yorkshire Building Society’s findings that more borrowers are choosing to fix their mortgage for the longer term as economic conditions remain uncertain.
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First time buyers today are more financially focused than those who bought before the credit crunch, according to Yorkshire Building Society.
As part of its ongoing aim to help a variety of borrowers, including those with smaller deposits, Yorkshire Building Society has reduced selected rates at 75% and 90% LTV by up to 0.35%.
Yorkshire Building Society is continuing its commitment to offering competitive mortgage products for those with small deposits by reducing rates on 90% Loan To Value (LTV) mortgages by up to 0.25%.
Yorkshire Building Society has reduced rates on the Society’s tracker products at 75% LTV, including drop lock mortgages and the innovative track and fix product, with the majority of rates reducing by 0.20%.
House price growth remains stable across most of the UK, although prices in London are increasing and prices in Northern Ireland are falling.
New evidence supports Yorkshire Building Society’s findings that more borrowers are choosing to fix their mortgage for the longer term as economic conditions remain uncertain.
Latest research from Halifax shows the ability of key public sector workers to purchase their own home continues to improve and is approaching the level achieved ten years ago before the house price boom.
Research commissioned by specialist buy-to-let lender Paragon Mortgages, has shown a significant regional shift in the rental yields achieved by landlords.
