‘Lowest ever’ UK fixed rate at Yorkshire BS

28th May 2015

Yorkshire Building Society has launched what is believed to be the UK’s lowest ever fixed-rate mortgage with a 1.07% initial rate. The mortgage comes with a £1,369 product fee and is available to customers with a 35% deposit.

Customers who wish to pay a smaller fee can opt for a 1.44% two-year fixed rate with a £345 product fee, also available at 65% loan-to-value (LTV).
The Yorkshire is also offering a range of fee-free mortgages with £1,000 cashback and free standard valuation for customers who do not want to pay upfront fees.

Rachel Springall, spokesperson at Moneyfacts.co.uk said: “The new 1.07% deal from Yorkshire Building Society becomes the lowest ever fixed mortgage on record according to Moneyfacts.co.uk. With the rate war ongoing, this is the perfect time for borrowers to secure a low fixed rate with this popular brand.

Mike Regnier, Yorkshire Building Society’s chief commercial officer, said: “We are a responsible mutual lender, which uses its financial strength to support its members rather than external shareholders.

“This means we can offer our members very competitive rates in order to enable them to buy the home of their choice. Earlier this year, we launched a 1.18% mortgage, which was then our lowest-ever rate to date, and we are now very proud to better that by offering the UK’s lowest-ever two-year fixed-rate mortgage of 1.07%”.


*2 year fixed with TSB 1.09% then 3.59% - APRC is 3.3% Max LTV is 60%. Quoted on 27th May 2020.