The headline reduction has been made to a two-year fixed rate product transfer mortgage at 85 to 90 per cent loan to value (LTV). This now has a rate of 1.89 per cent, down from 3.14 per cent. It comes with a £995 fee.
Another significant cut has been made to the fee-free alternative which is now priced at 2.29 per cent, reduced from 3.44 per cent.
Its 90 to 120 per cent LTV two-year fixed rate fee-free option has fallen by 0.55 per cent to 2.94 per cent.
Across five-year fixed product transfers, rates have been reduced by up to 0.5 per cent while 10-year fixed rates have been cut by up to 0.8 per cent.
The lender has also introduced new build products for shared ownership, first-time buyers and house purchases. They are all five-year fixed rates up to 85 per cent LTV and rates vary from 1.64 per cent for a 0 to 60 per cent LTV mortgage, and up to 2.74 per cent for an 80 to 85 per cent LTV deal.
These products have no fee.