The society’s SVR has been lowered by 0.15% to 7.24%, while two-year fixed rates have been trimmed by 0.05%.

It has also dropped its tier one and two monthly bridging finance rates by 0.01%.

Following the changes, the society’s rates now start from 5.10% fixed and 5.05% variable for residential tier one cases up to 75% loan-to-value (LTV) with a £1,495 product fee.

Meanwhile, rates start from 5.51% fixed and 5.46% variable for let tier one cases up to 75% LTV, including top-slicing and lending into retirement as standard.

Its monthly standard bridging finance rates for loans up to £5m now start from 0.59% variable and 0.63% fixed.

Market Harborough head of mortgage distribution Iain Smith said: “We’re building on a successful 2025, kickstarting 2026 with reductions across many of our mortgage rates. This ensures we’re well-positioned to support brokers with complex cases and with our award-winning bridging finance – we’ll be adding to this positive message with more great news to come.”

Elsewhere, Kensington Mortgages has lowered rates for its residential mortgages.

The lender’s Select range products, including its Heroes, Professional, eKo, and Own New Rate Reducer products, have been cut by up to 0.24%.

The change applies to its two-year and five-year fixed term rates and across products from 80% to 95% LTV.

The two-year 90% LTV rates now start at 5.56% with a £1,999 fee, five-year 90% LTV rates from 5.72% with a £1,499 fee, two-year 95% LTV rates from 5.81% with a £1,999 fee, and five-year 95% LTV rates from 6.02% with a £1,499 fee.

Other new rates include Kensington’s two-year 95% LTV at 6.59% and its five-year 95% LTV at 6.30%, both of which include no fee and £1,000 cashback.

All Kensington’s 95% LTV products also come with a free valuation and are for purchase only.

Separately, for Kensington’s Right to Buy products, the two-year fixed rate has been reduced by 0.50% and five-year fixed rate by 0.15%.

Kensington Mortgages commercial director Andy Bickers says: “These latest changes further strengthen the competitiveness of our Residential range, ensuring brokers and their clients can access attractively priced solutions across a wide range of LTVs.”

“From first-time buyers to professionals and those purchasing with smaller deposits, we’re focused on delivering pricing that genuinely supports affordability in today’s market.”