Yorkshire Building Society has launched 15-year fixed rate mortgages in response to growing borrower demand for longer-term home loans.
Rates for the newly introduced mortgage range start from 2.79% at 65% LTV and come with a free standard valuation, in addition to a £495 completion fee.
Other rates include 2.89% at 75% LTV, 3.09% at 85% LTV and 3.65% at 90% LTV.
“Demand for long-term fixed rate mortgages is increasing year-on-year and with continued political and economic uncertainty, borrowers’ appetite for securing longer-term deals shows no sign of slowing down,” said Charles Mungroo, senior mortgage manager at Yorkshire Building Society (pictured above).
“We’re always looking at ways we can help borrowers and are keen to design and offer products that meet their needs.”
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