The Yorkshire Building Society has launched two new low rate mortgages.

The mutual is offering a new two-year fixed mortgage at 1.27% for borrowers seeking 65% loan to value (LTV). The product has a £1,995 completion fee.

It has also launched a new two-year fixed product for borrowers with a 25% deposit or equity at 1.29%. This also comes with a completion fee of £1,995.

Both products are available to home buyers and those looking to remortgage their existing properties.

Emma Jaggar, mortgage manager at Yorkshire Building Society, said: “We are pleased to launch these products to borrowers who are looking to take advantage of the low interest rate environment. Our fixed-rate mortgages, and the stability they offer, are proving popular with borrowers so we’re sure these new rates will be a welcome addition to the range.”

“We’re committed to offering competitive home loan options to suit a variety of borrowers’ needs and are proud to be able to launch two new mortgage products, both of which come with low rates.

“Borrowers who opt for these products could benefit from lower monthly payments but may wish to take advantage of overpayments to reduce the amount of interest they pay or reduce the term of their mortgage. It’s just one way people can manage their mortgage flexibly to meet their needs.”