Yorkshire Building Society has reduced a selection of its rates, in a bid to attract an array of customers, including those with small deposits.
Both 75 per cent and 90 per cent loan-to-value (LTV) mortgages have been cut by up to 0.35 percentage points.
Affected products include a two-year fixed rate 75 per cent LTV at 2.64 per cent with £995 fees, two-year fixed rate 90 per cent LTV at 4.24 per cent with £995 fees, five-year fixed rate 75 per cent LTV at 3.29 per cent with £995 fees and five-year fixed rate 90 per cent LTV at 4.79 per cent with £995 fees.
Offset alternatives are available across the range and are priced 0.2 percentage points higher than the non-offset equivalents.
The range also includes products offering a fee-assisted legal service and free valuation and a £495 product fee.
Chris Smith, Yorkshire Building Society’s direct mortgage manager, said: “We have seen other lenders cut rates recently, however many of these reductions have been at the 60 per cent LTV level.
“The sizeable deposit required, together with the very large fees involved, means they are not suitable for the majority of borrowers.
“The reductions we are making will benefit those with lower deposits and are likely to appeal to a wider range of customers.”
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