Yorkshire Building Society has cut the rates on its fixed rate mortgages by up to 0.50%.

For example, it now has two-year fixed rates at 3.49% with a £195 fee and 2.99% with a £1995 fee. Both products are available up to 75% LTV and offset versions are available with rates starting from 3.09%.

The Yorkshire’s group direct mortgage manager Chris Smith said: “Recent swap rate activity has given us the opportunity to re-price our mortgage range and offer our borrowers the option to choose the best mortgage product for them – mixing rates with fee options.