Yorkshire Building Society is cutting fixed rates on 90% LTV products by up to 0.25 percentage points on 8 June.

Rates will start at 4.49% for a two-year fixed rate mortgage.

A five-year fixed rate mortgage at 90% LTV for purchase or remortgage customers will be available at 4.74%.

“We have been offering best buy rates at higher LTVs for some time and are committed to offering competitive deals to buyers with smaller deposits, first time buyers in particular,” said Jemma Smith, Yorkshire Building Society’s mortgage product manager.

“Helping first time buyers to step onto the property ladder and buy their first home is one of our key aims as a building society – with one in four of our mortgages being taken out by first time buyers, we are proud to outperform the market in this sector.”

All the 90% LTV fixed rate mortgages in the Yorkshire range have offset equivalent products, which are priced 0.20% higher than their standard equivalent products.