The five-year fixed rate is available for both purchase and remortgage.

The average two-year fixed rate is edging closer to 5%.

The Bank has reduced rates across its residential and buy-to-let ranges.

The reductions apply across purchase, remortgage and rate switcher products.

The new site follows the recent launch of an AI-powered packaging system.

Rates have reduced by up to 0.65% on the CHL 1 product range.

The lender has cut rates by between 20 to 40 basis points.

New limited edition products feature up to a 110bps reduction on the standard rates.

Les has more than 25 years of experience in later life lending.

Purchase rates now start from 4.13%.