The two-year fixed rate mortgage will have a rate of 1.64% with a £345 product fee and free standard valuation and legal services.
For those looking for a longer fixed term, a 3.19% five-year fixed rate mortgage will be available with a £345 product fee, free standard valuation and legal services with £500 cashback on completion.
Brendan Gilligan, Yorkshire Building Society’s Product Manager for mortgages, said:
“It’s clear that January is a time when people begin to reassess their financial situation. For most people their biggest financial undertaking is their mortgage and it’s clear from these statistics that existing homeowners are visiting our website, looking to improve their deal for the year.
“Therefore we have launched these highly competitive remortgage products that we believe will offer good value to borrowers, allowing them to save up to £3,400 over the two-year fixed rate period, compared to remaining on the average standard variable rate.
“Whether borrowers are looking for a better value deal or make the most of any equity in their property, these mortgages allow them to take advantage of fixed rates at a time of year when we are all looking for a better deal.”
