Yorkshire Building Society launches a new mortgage scheme for first-time buyers in England, Scotland, and Wales, offering up to 99% LTV with a 5.99% fixed rate.
Yorkshire Building Society has launched a new mortgage scheme for first-time buyers in England, Scotland, and Wales, allowing them to purchase a property with a £5,000 deposit and potentially borrow up to 99% of the property value. The mortgage, available directly by customers or via brokers through Accord Mortgages, comes with a five-year fixed rate of 5.99% and is not available for new-build properties or flats. Borrowers must pass strict credit scoring and affordability checks. This mortgage scheme aims to reduce the time taken for first-time buyers to become mortgage-ready and create a level playing field for those who do not have financial support from their families.
March 26, 2024
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