Related topic: Mortgage rates

Despite the average five-year fix being lower than the average two-year fix, demand continued to shift towards shorter-term deals.

The specialist lender says its dual-rate structure gives brokers more choice on affordability.

Rates have reduced across the Society's residential, specialist residential, shared ownership, buy-to-let and holiday let ranges.

Rate cuts span the lender's buy-to-let, let-to-buy, HMO and limited company buy-to-let ranges.

Products across a wide range of LTV and product terms have been reduced by up to 45bps.

Rates have reduced by 0.10% across the ranges.

The lender has enhanced its proposition a with higher maximum age, rate reductions and product range expansion.

The Society has reintroduced high income multiple mortgages.

The lender has reduced 95% LTV products for first-time buyers and home movers.

The specialist lender’s limited edition two-year fixed rate products now start from 3.34%.