Yorkshire Building Society has reduced rates for borrowers with a 5 per cent deposit.
The new deals will be on its highest loan-to-value products from today (31 October) on 2-year fixed term mortgages.
The 2-year 95 per cent LTV fixed rate will be reduced by 0.25 per cent from 4.99 per cent to 4.74 per cent, with an £845 product fee and a £130 mortgage processing fee.
Chelsea Building Society, part of the YBS Group, will also introduce a 0.25 per cent reduction on its equivalent 95 per cent LTV product.
Its 2-year fixed rate mortgage will go from 4.89 per cent to 4.64 per cent, with a product fee of £1,545 and a £130 mortgage processing fee.
Further reductions will be made on the Yorkshire and Chelsea products at 65, 75, 85 and 90 per cent LTV mortgages.
peter.walker@ft.com