Yorkshire Building Society has reduced rates by up to 0.27% and launched a best buy mortgage.

Discounts include up to 0.27% with a 10% deposit, or those who need a 60% loan-to-value (LTV) deal.

There are also reductions of up to 0.18% across the rest of the range, including deals up to 95% LTV.

The new range includes a best buy deal which includes a two-year fix up to 75% LTV at 4.66%, down from 4.84% for those remortgaging. It comes with a fee of £495, £250 cashback, free standard valuation and remortgage legal service.

It also includes a two-year fix up to 90% LTV at 5.07%, down from 5.34% for those purchasing a home, which comes with a fee of £1,495 and a free standard valuation.

Meanwhile, there is a two-year fix at 4.44%, down from 4.62% for those remortgaging up to 75% LTV, with a fee of £1,495 and a free standard valuation.

There is also a two-year fix up to 85% LTV at 4.75%, down from 4.84% for those remortgaging, with a fee of £1,495 and a free standard valuation.

Yorkshire Building Society mortgage product manager Cheryl Bleasdale says: “We’re delighted to announce that we’ve taken the opportunity presented by falling market rates to refresh the range, ensuring the best possible value for borrowers.”

“We’re particularly pleased to include competitively priced packages for those with a smaller deposit, which will benefit first-time buyers looking to step onto the property ladder.”

Moneyfacts finance expert Rachel Springall adds: “It’s great to see Yorkshire Building Society reduce mortgage rates for different fixed terms, which include deals available to remortgage customers and first-time buyers with smaller deposits.”

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