Yorkshire Building Society has announced that it has reduced selected three and five-year fixed rate mortgages by 0.14%.

The Society has cut rates on its range of three and five-year fixes at 65%, 75% and 85% LTVs for purchase or remortgage.

New three-year fixed rates include a 75% LTV at 1.88% and an 85% LTV at 2.03%.

Five-year fixes are available from 1.98% at 65% LTV and 2.08% at 75% LTV.

Each mortgage comes with a £845 fee.

Brendan Gilligan, Mortgage Product Manager for Yorkshire Building Society, said: “We always try to offer our customers a range of mortgage options and good long-term value for money. Our rate reductions will offer borrowers with a range of deposits competitive rates and the security of knowing how much their mortgage repayments will be for the next couple of years, especially during this time of economic uncertainty.