The Yorkshire Building Society has reduced the rate of its First Time Buyer mortgage to 5.59%.

This two-year fixed-rate is available to those with a 10% deposit and has added features to help with the up-front costs: free standard valuation service, free legal service and £500 cashback. Another option adds free home insurance at a rate of 5.69%.

Chris Smith, senior product manager at the Yorkshire, said: “We’re very aware of the difficulties first time buyers face getting onto the property ladder. As a national building society