Yorkshire Building Society has cut its Mortgage Payment Protection Insurance rates.

The new rates will be affective across the Yorkshire and Chelsea brands.

Reductions made for both new and existing customers are up to 50p per month for every £100 of cover.

Rates for Accident, Sickness and Unemployment at 30 day excess, have been cut from £6.06 to £5.56 per month for every £100 of cover. Rates for Accident and Sickness cover are also reduced, and existing customers with Unemployment Only cover will see lower premiums too.

Stephen Brownett-Gale, Yorkshire Building Society’s relationship manager, said: “In the current climate our members need to know that we are working hard to ensure they are getting value for money. These cuts to premiums show our commitment to that.