The lender is also halving the product fees on a range of new mortgages from £495 to £245 and offering £250 cashback. Those people looking to remortgage can choose free valuation and legal fees or the £250 cashback offer.
Chris Edwards, head of mortgage and savings at Yorkshire Building Society said: "We're effectively launching a new range of fee-free mortgages by halving the product fees for these products from £495 to £245 and offering £250 cash back. With high mortgage product fees still very prevalent in the marketplace, this new offer should prove very attractive for customers looking for a competitive mortgage deal without a big upfront cost.
"We offer a comprehensive choice of mortgages with rates, fees and deposit levels to suit different circumstances, meaning borrowers choosing the Yorkshire for their mortgage will be able to tailor their loan to suit their individual needs."
