"We continue to see borrowers considering longer-term mortgages, so we’ve updated our mortgage range to give customers more competitive choice."
The Society's five-year rates now start from 1.84% and it has also launched new seven and ten-year fixed rates.
A seven-year fix is available at 2.42% up to 85% LTV and ten-year fixes start from at 2.35% at 65% LTV, both with a £495 fee.
Charles Mungroo, senior mortgage manager at Yorkshire Building Society, said: “We continue to see borrowers considering longer-term mortgages, so we’ve updated our mortgage range to give customers more competitive choice.
“We understand arranging a mortgage can add up so as well as reducing the fixed term rates we’re also lowering the completion fee on a number of our longer-term mortgages and adding free standard valuations or legal fees depending on whether borrowers are buying a house or remortgaging.
“With Brexit uncertainty potentially weighing on the mind of homeowners and buyers, we hope reducing rates on our longer-term mortgages will help borrowers get some peace of mind by being able to set their monthly repayments for up to the next decade.”
