The changes will come into effect from tomorrow, and follow reductions made by Halifax, Leeds Building Society, LendInvest, Bluestone Mortgages and Gen H.
Brokers said that the changes will bring its five-year fixed rate for remortgage customers below four per cent, with a headline rate of 3.94 per cent for those borrowing up to 60 per cent of the property value.
Brokers added that the two-year fixed rate for remortgages will fall below the 4.5 per cent threshold for the first time since early June last year, with the headline rate coming to 4.49 per cent at 60 per cent LTV. A ten-year fixed rate begins from 3.99 per cent.
Customer switching range
In its existing residential customer switching range, two, three and five-year fixed fee-saver up to 95 per cent loan to value (LTV) will go down, along with standard product on the same terms up to 90 per cent LTV.
The lender has also lowered 10-year fixed fee-saver and standard deals up to 80 per cent LTV and five-year fixed premier exclusive products up to 90 per cent LTV.
Within its existing residential customer borrowing more range, two, three and five-year fixed fee-saver and standard products up to 90 per cent LTV will fall along with 10-year fixed fee-saver and standard products up to 80 per cent LTV.
Five-year fixed premier exclusive products up to 90 per cent LTV will decrease as well.
On the residential first-time buyer and homemover, two, three and five-year fixed fee-saver up to 95 per cent LTV, and two, three and five-year fixed standard products up to 90 per cent LTV and five-year fixed premier exclusive deals will go down.
Two, three and five-year fixed fee-saver and standard residential remortgage products, and five-year fixed premier exclusive products, up to 90 per cent LTV will decrease and 10-year fixed fee-saver and standard products up to 80 per cent LTV will fall.
Within its residential remortgage cashback range, two and five-year fixed fee-saver and standard deals up to 90 per cent LTV will decrease.
International fixed-fee saver
On the international residential range, two, three, five and 10-year fixed fee-saver and standard, along with five-year fixed premier exclusive products up to 75 per cent LTV, will be reduced.
Finally on the buy-to-let side, existing buy-to-let customers switching and borrowing more and buy-to-let purchase and remortgage products on two and five-year terms, both fee-saver and standard iterations, up to 75 per cent LTV will go down.
