The changes support first-time buyers, home-movers and customers looking to remortgage, with additional incentives for energy efficient homes and enhanced cashback for first-time buyers.
Key highlights include two-year tracker mortgages at 60% and 85% LTV with a £999 fee, now priced at 4.09% and 4.44% respectively, both reduced by 30bps and offering £350 cashback for energy efficient homes, rising to £500 for first-time buyers.
For purchases, five-year fixed 60% LTV products with a £999 fee are now 4.49%, or 4.46% for PREMIER customers, both down 12bps and with £350 cashback on qualifying energy efficient homes.
Remortgage and buy-to-let remortgage customers also benefit from lower two-year fixed and tracker rates at 60% and 75% LTV, with and without fees, plus £350 cashback on energy efficient homes.
“Swap rates have started to come down again and some lenders are still improving their mortgage rates even though it looked pretty certain they were going to start putting them up just a few days ago,” said Aaron Strutt (pictured right), product director at mortgage broker Trinity Financial.