Borrowers can now get a five-year fixed rate mortgage at 2.69% (reduced from 2.94%) with a £345 product fee.
Five-year fixed rate mortgages with added incentives are also having rates reduced. These include a 2.79% five-year fixed rate mortgage with £345 product fee and £500 cashback on completion, and a 2.79% five-year fixed rate mortgage with £345 product fee, free standard legal services and free standard valuation
The society has reduced rates for first-time buyers with a 5% deposit.
A five-year fixed term mortgage at 4.89% (reduced from 5.19%) is available with £250 cashback on completion, free standard valuation and no product fee.
First time buyers looking for a shorter fixed rate period can apply for a two-year fixed rate mortgage at 4.39% (reduced from 4.49%) with £250 cashback on completion, free standard valuation and no product fee.
There is also a two-year fixed rate mortgage at 3.99% (reduced from 4.09%) with a £1,545 product fee.
Brendan Gilligan, Mortgage Product Manager, said:
“We are always striving to give borrowers value for money and a wide range of products to meet their needs when buying a new home. These rate reductions will meet these goals and we are sure will be welcomed by borrowers. The changes for borrowers with a 5% deposit are good news for those looking to get on the property ladder and we hope will help them to achieve their dream of owning their own home."
