The lender has launched new two-year fixed rates to support credit impaired borrowers.

The lender is also contributing up to £500 towards legal costs for all bridge-to-let loans.

Standard two-year fixed rates now start from 2.94%.

The lender has also introduced new residential purchase exclusives.

The latest reductions span the lender’s full product range, including New Built Boost.

Rate reductions cover residential purchase and buy-to-let purchase and remortgage.

Rates have reduced by up to 0.23%.

The Society’s residential rates for cases up to £3m now start from 5.04%.

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.