This comes as the Yorkshire recently launched a 15-year fixed rate mortgage.
Yorkshire Building Society has reduced rates on its 5-year fixed rate mortgages by up to 0.15%.
The Yorkshire is offering a 5-year fix at 1.69% for borrowers requiring 65% LTV.
The 1.69% product comes with a completion fee of £1,495.
Charles Mungroo, senior mortgage manager at Yorkshire Building Society, said: “With continued political and economic uncertainty it’s not surprising that we continue to see homeowners and buyers turn to longer-term fixed rates of five years or more.
“Knowing what their monthly repayments will be for a fixed period of time is proving to be a comfort to many so we’ve improved our product range to offer borrowers better value and more choice.
"We’ve deliberately shaped our new mortgages to meet a variety of customer needs, with competitive options including lower rates, low or no completion fees, free standard valuation and cashback on selected mortgages.”
There is also a 1.75% product with a £495 fee and free valuation.
Fee-free 5-year fixed rate mortgages are also available to borrowers with 35% equity at a rate of 1.99%.
Homebuyers opting for this rate would benefit from free standard valuation, whilst those looking to remortgage would get £300 cashback and free legals.
