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Lender says...

Yorkshire Building Society has launched a new range of fixed rate mortgages.

A two, three and five-year fixed rate product is available at 5.74 per cent up to 75 per cent loan-to-value for both house purchase and remortgages. Each product carries a fee of £995 and offers £500 cashback.

The remortgage version of each of the products also includes a free standard valuation and legal service. Also available is a two, three and five-year fixed rate up to 90 per cent LTV at a rate of 6.09 per cent for a £995 fee.

This product also offers £500 cashback however the free valuation and legal service is not available for those who are remortgaging.

Tom Girling, mortgage product manager for Yorkshire Building Society, said: "Not only are these best buy products, they also offer £500 cashback and a free valuation and legal service for remortgage customers."

Adviser says...

Sarah Smith, mortgage associate for Birmingham-based IFA Money4dentists, said even without the cashback the rates were excellent.

She said: "They do not pay procuration fees so you would have to send the client direct. You can charge a client a fee, which they could then pay with the cashback."

Rating: 4/5 stars