Yorkshire Building Society cuts the cost of its 2 year fixed rate mortgage to 5.29 per cent.

This latest drop in rates from the Yorkshire means that its 2 year fixed rate has come down by 0.9% from 6.19% on the 24th July. For all three fixed period terms the product fee is £975 and the maximum LTV is 75%..

Tom Girling, Mortgage Product Manager at the Yorkshire Building Society said: "Money market rates are continuing to ease so we are keen to pass on the benefit to home buyers and those looking for a new mortgage deal. The combination of falling rates together with the Stamp Duty holiday announced on Tuesday may encourage those buyers committed to buying a home to take that first step".