The building society will also be introducing a 3.39% 2-year fixed rate mortgage product with a £95 fee available up to 75% LTV.
Both products will be available both directly and through intermediaries however no procuration fee will be available for brokers.
Chris Smith, direct product manager at Yorkshire building society, said: “This is just an example of our continued commitment to the market and we hope that customers will take advantage of this product. We know that fees often act as a barrier for individuals when they are trying to buy a mortgage and we hope that this will go in some way to help alleviate this problem. Additionally, not everyone wants to commit to a long-term mortgage and we feel this will appeal to them.
“In recent weeks, we have continued to reduce the rates of our fixed products, first-time buyer products as well as introducing a drop-lock facility to our tracker mortgages so we really do have something to offer everyone.”
