Legal and valuation fees will also be waived where borrowers remortgaging from another lender have a mortgage of over £30,000 and they use Yorkshire Bank’s appointed solicitors.
The offer is available until February 13 2009.
Yorkshire Bank is also offering a separate two-year fixed rate product at 3.99%, although this is not included in the fees-free deal.
Gary Lumby, head of retail for Yorkshire Bank, says: “Fewer home owners are moving but many are looking to remortgage to ensure they are benefiting from the best mortgage.
“Our latest fees-free mortgage underlines our commitment to supporting our customers and we will work with them to find the correct mortgage to suit their individual needs.”