Yorkshire Building Society is cutting rates by up to 25 basis points and Santander is trimming prices by up to 15 bps in the latest round of reductions.

It comes as Yorkshire’s intermediary brand Accord and TSB also announced they would be cutting costs on some deals tomorrow.

Today’s price drop announcement from Yorkshire Building Society is the second in a fortnight and includes the following deals:

• For remortgage borrowers and home buyers, a three-year fix at 80% LTV is down from 5.29% to 5.04% with no fee and free standard valuation
• For purchase only, a two-year fix at 75% LTV is down from 4.89% to 4.69% with a £1,495 fee and free standard valuation
• For remortgage only, a five-year fix at 75% LTV is down from 4.59% to 4.49% with a £1,495 fee, free valuation and legal fees

Santander is trimming rates on a range of deals by a lesser amount tomorrow including:

• Selected resi fixed rates for new borrowers by up to 14 bps
• Selected resi fixed rates for product transfer by up to 11 bps
• All large loan fixes by up to 11 bps and large loan two-year trackers by 15bps
• Buy-to-let rates reduced by between 4 and 13 bps