Fleet Mortgages has reduced prices on a number of its five-year fixed-rate products across all loan-to-values (LTVs).

The lender has cut standard and limited company five-year fixes at 55% LTV. The 3% fee product has been cut to 4.59% from 4.64%, and the £999 fixed-fee product has been cut to 5.14% from 5.19%.

Fleet has also introduced a £1,000 cashback offer on its 55% LTV products.

The 65% LTV zero-fee five-year fix has also been cut to 5.24% from 5.34%, and the 75% LTV equivalent has been cut to 5.34% from 5.44%.

In addition, Fleet has made 10 basis points reductions for both 65% and 75% LTV products with both percentage and fixed-fee options.

It has lowered its fixed-fee (£3,999) five-year 65% LTV product to 4.99%, down from 5.09%, and the 75% LTV version of this product has also been cut to 5.09%, down from 5.19%. Both products come with a maximum loan size of £750k.

It has also reduced both its 3% fee options at 75% LTV by 10 bps to 4.64% – only available to those purchasing or remortgaging a property with an energy performance certificate (EPC) of A to C – and 4.74% for non-EPC A to C properties.

Fleet has also cut its 75% LTV HMO/multi-unit block five-year fixed-rate product by 15bps, to 5.39% from 5.54%. This product comes with a £3,999 fixed fee, £1,000 cashback and also has a maximum loan size of £750k.

Fleet Mortgages chief commercial officer Steve Cox says: “Two weeks ago, we were able to launch new two-year fixes plus reduce rates on our existing two-year fixes, so it’s pleasing to be able to back this up with price cuts to both standard and limited company five-year fixes across a number of LTV levels, plus a 15bps cut to one of our HMO/MUB five-year fixes.”

Elsewhere, Newcastle for Intermediaries has reduced rates across its shared ownership proposition.

The lender’s shared ownership range starts at a competitive 4.55% fixed rate until 31 October 2027. It will be offered on loans up to 90% LTV and comes with a £999 product fee.

All products are available for house purchase and remortgage and offer an overpayment facility of 10% each year.

Newcastle says staircasing is permitted, providing Shared Ownership buyers the opportunity to increase their share in the property up to 100% of the value in increments of 5%.

Newcastle Building Society head of intermediary mortgages Franco Di Pietro comments: “We know how important Shared Ownership products are to brokers working with first-time buyers and those stretching every bit of their affordability, which is why we’ve reduced our rates starting from 4.55%.”

Earlier today, Skipton Building Society for Intermediaries, Accord Mortgages and Coventry for Intermediaries announced rate changes.