The bank has also reduced the arrangement fee on its two-year fixed rate mortgage by £1,000 for customers with up to 60% LTV at a rate of 3.79%.
In addition, first-time buyers with a 10% deposit can take out Yorkshire Bank’s fee free three-year mortgage fixed at 6.29%. While first-time buyers with a 5% deposit can access a rate of 6.99% with a £599 arrangement fee.
Gary Lumby, head of retail at Yorkshire Bank, says: “At Yorkshire Bank we are focused on providing innovative and competitive products and this latest cut in our mortgage rates underlines that commitment.
“We will work with all our customers to find the correct mortgage to suit their individual needs whilst continuing to deliver the high level of service that our customers have grown to expect.”