The Yorkshire Building Society has reduced rates on its 95% LTV products, on two-year fixed term mortgages.

The two-year 95% LTV fixed rate mortgage rate has been cut by 0.25 percentage points from 4.99% to 4.74% with an £845 product fee and a £130 mortgage processing fee.

Chelsea Building Society, part of the YBS Group, has also seen a 0.25 percentage point reduction on its equivalent 95% LTV product.

Its two-year fixed rate mortgage has been reduced from 4.89% to 4.64% with a product fee of £1,545 and a £130 mortgage processing fee.

Further reductions have been made on the Yorkshire and Chelsea products at 65%, 75%, 85% and 90% LTV mortgages.

Other highlights of the YBS range include:

• 3.19% five-year fixed mortgage with £345 product fee (reduced from 3.49%)
• 3.09% five-year fixed mortgage with £345 product fee (reduced from 3.24%)

Other highlights of the CBS range include:

• 1.99% two-year fixed mortgage with £345 product fee (reduced from 2.14%)
• 3.39% five-year fixed mortgage with £1,545 product fee (reduced from 3.24%)