The Yorkshire cuts fixed rates

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Yorkshire Building Society has reduced the rate on its two and five-year fixed rate mortgage products.

The mutual is introducing a two-year fixed rate mortgage from 2.89% and a five-year fixed rate mortgage from 3.89%.

The new rates include a low £95 fee option, for new and existing customers, with £250 cash-back on completion, with rates from 2.99% fixed for two years and 3.99% fixed for five years.

Chris Smith, Yorkshire group product manager, said: “Once again our changes to our existing range will ensure that our members are getting the best value for money and we are proud to introduce these new competitive rates alongside cash-back opportunities.”””

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