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Yorkshire BS drops first-time buyer rate
02 September 2010
Yorkshire Building Society has reduced the rate of its first-time buyer mortgage to 5.59% after seeing a surge in demand for the product since June. Yorkshire's two-year first-time buyer fixed rate is available up to 90% LTV and now features a free standard valuation service, free legal service and £500 cashback. Home insurance is also included for a rate of 5.69%. Chris Smith, senior product manager at the Yorkshire, said: "We're very aware of the difficulties first-time buyers face getting onto the property ladder. As a national building society, our aim is to help people to own a home." Published by Mortgage Solutions