The rate has reduced to 4.81% following a cut to the Society’s SVR.

The lender has also increased maximum loans sizes on second charge and consumer buy-to-let.

Borrowers can now make capital repayments of up to 25% per year without incurring ERCs.

Variable rates have reduced on LTVs up to 95% across purchase and remortgage products.

The lender has reduced rates on its first and second charge discounted products by 25bps.

The Society has reintroduced a 60% LTV tier as part of the product launch.

Rates have reduced by 25bps following the Bank of England's base rate cut.