The lender has cut its five-year fixed-rate mortgage aimed at first-time buyers up to 90 per cent LTV, which has gone down from 4.87 per cent to 4.82 per cent. The product comes with no fee, £1,000 cashback and free standard valuation.

Its two-year fixed purchase rate up to 90 per cent LTV has decreased from 5.07 per cent to 5.02 per cent. The product comes with a product fee of £1,495 and free standard valuation.

Yorkshire Building Society’s two-year fixed remortgage product up to 90 per cent LTV has decreased from 5.07 per cent to 5.02 per cent. It is subject to a £1,495 fee and free remortgage legal service, as well as standard valuation.

Ben Merritt, director of mortgages at Yorkshire Building Society, said: “The markets remain very much in flux, with funding costs varying significantly from one day to the next. Amidst this environment, we are watching vigilantly for any and all opportunities to pass on added value to our customers.

“This reprice represents our latest attempt to do that and, we hope, offers some attractive options, particularly for borrowers who have smaller deposits to put down.”

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