None of the average fixed rates moved to any significant degree this week, shows data from Moneyfacts.

The two-year fix stayed at 2.42 per cent, the three-year fix at 2.90 per cent, the five-year fix at 2.71 per cent, and the 10-year fix at 2.85 per cent.

Two-year fix

Within this fix there was one large change – at 90 per cent LTV, the average rate grew 10 basis points, from 3.61 per cent to 3.71 per cent.

And at 60 per cent LTV, the average rate dropped slightly, moving from 1.76 per cent to 1.74 per cent.

Three-year fix

There were zero changes at any LTV bracket recorded this week.

Five-year fix

There were just two changes of any note here – at 50 per cent LTV the average rate fell from 2.57 per cent to 2.53 per cent and, at 90 per cent LTV, the rate increased from 3.85 per cent to 3.87 per cent.

10-year fix

As with the three-year fix, there were no changes here.

Moneyfacts finance expert Eleanor Williams comments: “A slightly quieter week for changes in the residential mortgage sector, but still some notable updates from various providers.

“Santander made rate reductions across a selection of its fixed rate deals of up to 0.31 per cent, while also launching new products at 60 per cent LTV. Accord Mortgages made selected rate reductions of up to 0.14 per cent, introduced a number of new fixed rate products and reduced various product fees, while Platform also launched new deals across the LTV tiers, with some new deals available at up to 85 per cent.

“We have also seen rate increases from various lenders, with Skipton increasing selected rates up by up to 0.11 per cent, Furness Building Society put selected rates up by up to 0.20 per cent, and Cumberland Building Society increased selected fixed rate deals by up to 0.35 per cent.

“While lenders continue to amend their ranges, having the up to date knowledge and support of an independent, qualified advisor could be invaluable for those hoping to progress a new mortgage application.”