Yorkshire Building Society has announced the launch of a new fixed rate mortgage that will charge a mortgage rate of 4.38 per cent over two years.
The mortgage is available to new homebuyers and people who are trying to find a remortgage .
Those who would like to remortgage to the Yorkshire's new mortgage deal could opt to receive their legal fees free, in which case they will be charged a mortgage rate of 4.49 per cent.
Mortgage borrowers can apply for the new mortgage deals from Monday.
Price comparison website Moneysupermarket recently urged potential remortgagers to find a remortgage quickly.
The website's Louise Cuming has warned that some mortgage lenders have withdrawn their fixed mortgage rate products in recent weeks, but then relaunched them with a higher mortgage rate .
Ms Cuming, head of mortgages at the website, warned that consumers who are holding out for a further interest rate cut could be "sorely disappointed", as many analysts believing this will not happen until March 2006.
Yorkshire Building Society is one of the largest building societies, providing mortgages to customers at 131 branches in the UK.
As a prime mortgage lender , it is committed to mutuality and is determined to return real financial benefits to its mortgage holders.
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