The Yorkshire Building Society has cut rates on a series of its home loans for both purchase and remortgaging.

New deals at 80% loan to value (LTV), include:

• Two-year fixed rate mortgage at 1.88% with £1,495 fee, available to those remortgaging
• Five-year fixed rate mortgage at 1.92% with £1,495 fee, available to those remortgaging
• Two-year fixed rate mortgage at 2.05% with £495 fee, £250 cashback and a free valuation, available to homebuyers.
• Five-year fixed rate mortgage at 2.25% with £495 fee, £250 cashback and a free valuation, available to homebuyers.

The Yorkshire has also reduced the rates on some of its mortgages in the 75% and 85% LTV ranges, and is also including additional features such as cashback, free standard valuation and free legal fees on other deals.

Ben Merritt, senior mortgage manager at Yorkshire Building Society, said: “With the housing market still very much active we’ve reduced the rates on some of our mortgages to help those looking to start the New Year with a house move, or remortgage.

“As ever, we understand people’s mortgage requirements differ, so we’ve made sure we continue to offer home loans with a number of different features to best meet the varying needs borrowers have.

“This means we’ve improved both short and longer-term fixed rate mortgages, ensured some have no product fees and for others have included additional features so borrowers can choose a mortgage best suited to them.”