The Yorkshire Building Society has introduced a number of rate cuts across two, three and five-year terms and among a variety of loan-to-values (LTV). 

Two short-term loan options are available including a two-year fix at 3.34% at 95% LTV with a £995 fee, or a three-year fix at 2.48% at 90% LTV which comes with a £1,495 product fee.

Those with a 35% deposit looking to fix for longer can opt for a five-year deal at 1.93% with a £995 product fee.

Brendan Gilligan, mortgage product manager for Yorkshire Building Society, said: “We always try to offer borrowers a range of options and good, long-term value for money.

“These reductions not only offer borrowers a choice of competitive options with a range of deposits but also provide them with the security of knowing how much their mortgage repayments will be for the next couple of years.”