Yorkshire Building Society has cut the rate on its two-year fixed rate mortgage by 0.70% for borrowers with a 15% deposit. The new rate is 4.49%, and comes with a fee of £495 as well as free valuation and legal fees.

An offset version is available at 4.59%.

Tom Girling, mortgage product manager at the Society, said: “We now provide a great range of products for people with smaller deposits as we look to increase our lending for the year following continued confidence in the housing market. The low fee on both the fixed and tracker products should also prove very attractive to customers as many of the other competitive deals in the market still require a high upfront fee.”””