The Yorkshire Building Society has launched two-year and five-year fixed rate remortgages, during its busiest month for remortgaging.

Unique visits to the the mutual’s remortgage page were about 30% above the average monthly number in January 2014 and the trend is expected to continue this year.

Homeowners peak days were from 6-8 January, where daily visits increased by around 50%, and 22-27 January when visits increased by about 80% in January 2014.

The two-year product could save borrowers up £3,400 over the fixed term period compared to a standard variable rate mortgage. It has a rate of 1.64% with a £345 product fee and free standard valuation and legal services.

For those looking for a longer fixed term, a 3.19% five-year fixed rate mortgage will be available with a £345 product fee, free standard valuation and legal services with £500 cashback on completion.

Brendan Gilligan, Yorkshire Building Society’s product manager for mortgages, said: “It’s clear that January is a time when people begin to reassess their financial situation. For most people their biggest financial undertaking is their mortgage and it’s clear from these statistics that existing homeowners are visiting our website, looking to improve their deal for the year.

“Therefore we have launched these highly competitive remortgage products that we believe will offer good value to borrowers, allowing them to save up to £3,400 over the two-year fixed rate period, compared to remaining on the average standard variable rate.

“Whether borrowers are looking for a better value deal or make the most of any equity in their property, these mortgages allow them to take advantage of fixed rates at a time of year when we are all looking for a better deal.”

Both products are available online, by phone or in branch from Yorkshire Building Society, Chelsea Building Society, Barnsley Building Society and Norwich and Peterborough Building Society.