29% of mortgage holders report they either have or will be remortgaging in 2025.

The rate gap between the average two and five-year fixed rates is the smallest since the inversion in rates started in October 2022.

Rates have reduced by up to 0.18% across two and five-year fixes.

The lender has reduced rates for both new and existing customers by up to 0.12%.

The bank is holding the majority of residential fixed rates over 75% LTV.

Residential purchase, remortgage and product transfer rates, including professional and large loan products, are increasing.

The lender is now offering a sub-4% three-year fix at 65% LTV.

The update includes the removal of application fees on core fixed rate residential products.

Eco Home includes a full-term ‘eco home’ discount of 1.14%.

Five-year fixed rates now start from 4.74%.