"With so many maturities in the next couple of months now is the perfect time to support those looking for a new deal with a range of different options to meet a variety of needs."
The new rate is available up to 65% LTV and comes with a £995 fee and £500 cashback.
Also on offer is a five-year fixed rate remortgage at 75% LTV from 2.39%, which has no product fee and comes with free standard valuation, free legal service and cashback on completion of £250.
The mutual has also cut rates on selected remortgage and house purchase options and added additional features to some of its mortgages including free standard valuation, free legal service and cashback on completion up to £500.
Charles Mungroo, Mortgage Manager at Yorkshire Building Society, said: "With so many maturities in the next couple of months now is the perfect time to support those looking for a new deal with a range of different options to meet a variety of needs.
"We hope by reducing rates on mortgages and adding attractive additional features to selected mortgages it will ease the cost of remortgaging for borrowers and give them a helping hand at what can become an expensive time.”
Rachel Springall, Moneyfacts, commented: “This new deal from Yorkshire Building Society is likely to be popular with borrowers looking for a competitive rate with a trusted brand. As with any deal, applicants would be wise to calculate the overall true cost to find the most cost effective deal for them.”
