Yorkshire Building Society has cut rates across its mortgage range, introducing a 2-year fixed remortgage deal below 4%.
Selected rates decreased by as much as 0.55% on products up to 90% loan-to-value (LTV), while products at 85% and 80% LTV decreased by up to 0.40%.
At 75% LTV, reductions reached 0.37%, and for 60% LTV, cuts were up to 0.35%.
The changes include a 2-year fixed rate at 3.98% for remortgages up to 60% LTV, down from 4.23%, with a £995 fee, free standard valuation, and legal service for remortgages.
There is also a 2-year fixed deal at 3.92% for house purchases up to 75% LTV, previously 4.27%, with a £995 fee and free valuation.
For buyers with smaller deposits, a fee-free 2-year fix up to 90% LTV is now 4.68%, down from 5.23%, and includes a free valuation.
Aidan Smith, product manager at Yorkshire Building Society, said: “We’re delighted to respond to market conditions, using the opportunity to offer a competitive new range, including some Best Buy deals and several products coming in under 4%, including one for those looking for a new lender.
“We will continue to watch market developments closely, acting wherever we can to help our borrowers to make savings.”
Rachel Springall, finance expert at Moneyfacts, said: “It’s fantastic to see Yorkshire Building Society make more cuts to fixed rates within its mortgage range.
“There are millions of borrowers due to refinance this year, so it’s positive news to see rates coming down, particularly on deals which also carry cost-saving incentives and fee-free options for those with small deposits.”
