Yorkshire re-enters tracker market

In addition to the new tracker range, all fixed rate products have been reduced by up to 0.30% following a reduction in the cost of swaps.

A new ten year fixed rate product has been launched at 5.89% at up to 75% LTV. Remortgage versions have free legal service and valuation options and all products have an application fee of £495. Further products are available for existing customers and additional advances.

Tom Girling, mortgage product manager at Yorkshire Building Society, commented: "Our new range of capped and uncapped trackers offer our customers the chance to benefit from a very competitive rate and the option of protecting their monthly payment if there should be a steep rise in interest rates during the term of the mortgage. By combining a cap, a competitive rate and a low application fee we believe that these products offer one of the best combinations of value in the market."