Yorkshire Building Society is cutting rates by up to 25 basis points and Santander is cutting prices by up to 15 basis points in the latest round of cuts.
It comes as Yorkshire’s intermediate brand Accord and TSB also announced they will be cutting back on some deals tomorrow.
Today’s price drop announcement from Yorkshire Building Society is the second in two weeks and includes the following deals:
- For borrowers transferring to a new mortgage and home buyers, the three-year interest rate fix of 80% LTV has been reduced from 5.29% to 5.04%, without costs and with a free standard appraisal
- Purchase only includes a two-year fix of 75% LTV from 4.89% to 4.69% with a £1,495 fee and a free standard valuation
- For remortgaging only, the 75% five-year LTV fix has been reduced from 4.59% to 4.49% with a £1,495 fee, free valuation and legal costs
Santander will cut rates tomorrow on a range of lower value deals, including:
- Selected resi-fixed rates for new borrowers with up to 14 basis points
- Selected resi fixed rates for product transfers with up to 11 basis points
- All large loans are resolved by a maximum of 11 basis points and the two-year trackers for large loans by 15 basis points
- Buy-to-let rates reduced by 4 to 13 basis points