The Newcastle-based lender has cut its two-year fixed rate product to 2.89% with a £995 product fee and taken its fee-free loan rate down to 3.29%.

Both deals are open to mortgage and remortgage customers and have Loan-To-Value ratios of up to 60%. Remortgage customers joining from another lender also get free standard legal services and a free basic valuation.

A number of three and five year offers have also been reduced by up to 0.30% while two and three year tracker mortgages have also been trimmed by up to 0.26%

Buy-to-let rates have also been reduced, with a two-year deal available up to 60% LTV reduced by 0.20% to 3.79% with a £1,995 product fee.