Yorkshire BS reduces rates

Highlights of changes:

60% LTV

2 Year Fixed, rate of 3.59%, £495 fee (new product)

75% LTV

1 Year Fixed, rate of 3.19%, (0.40% cut), £195 fee

2 Year Fixed, rate of 3.79%, (0.60% cut), £495 fee

3 Year Fixed, rate of 4.39%, (0.50% cut), £495 fee

5 Year Fixed, rate of 4.99%, (0.40% cut), £495 fee

10 Year Fixed, rate of 5.69%, (0.20% cut), £495 fee

2 Year Tracker, rate of 2.64% BoE + 2.14%, (0.15% cut), £495 fee

85% LTV

2 Year Fixed, rate of 5.59% (0.40% cut), £495 fee

3 Year Fixed, rate of 5.69% (0.40% cut), £495 fee

5 Year Fixed, rate of 5.89% (0.40% cut), £495 fee

2 Year Tracker, rate of 4.39% BoE + 3.89%, (0.10% cut), £495 fee

All products have free valuation and legal fees for remortgage customers. Offset versions are available for the vast majority of mortgages priced at 0.10% higher.

Iain Cornish, chief executive at the Society said: "The Society is taking the opportunity to boost mortgage applications as there are beginning to be signs of an increase in activity in the housing market. These new deals, along with the products we recently launched for first time buyers, will be warmly welcomed by those looking for a good deal in the New Year.

“We are now offering some of the lowest rates across the market for customers with a 15% or 25% deposits and across a number of different product terms. Furthermore, all of our products carry a low fee at a time when many lenders are charging fees of around £1,000, and this could help to make a big difference to customers."