Money News
7th August 2008
Yorkshire Bank waives mortgage arrangement fees
Yorkshire Bank has confirmed it will not charge arrangement fees for customers looking to remortgage throughout the month of August.
The offer applies to a range of the bank's home loans including selected fixed-rate, offset, flexible and tracker mortgages.
The cut would result in savings of up to £999, which is the current average arrangement fee charged by lenders for remortgaging.
First time buyers can also benefit from a similar offer.
Gary Lumby, head of retail at the company, said: "We know people are feeling the pinch right now and want to help make mortgages more affordable.
"That is why our fee-free switching package is an excellent deal for anyone whose current mortgage deal is coming to an end."
Borrowers opting for a two-year fix with the Yorkshire with a maximum
loan to value (LTV) of 75 per cent will pay a rate of 6.49 per cent.
Meanwhile, those opting to fix for five years, also with a maximum LTV of 75 per cent, pay 6.49 per cent.
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