The Cambridge Building Society has updated its two-year fixed rate mortgage range, with options for first-time buyers, remortgage customers, home movers and buy-to-let borrowers, effective 4 November.

The updated range includes products at 80%, 90% and 95% loan-to-value (LTV), a 70% LTV interest-only option and a 98% LTV first step mortgage.

The society is now offering a two-year fixed rate at 80% LTV with a rate of 5.79% and its interest only two-year fixed rate at 70% LTV with a rate of 5.79%.

In addition, its is offering a two-year fixed rate at 90% LTV with a rate of 5.89% and a low deposit two-year fixed at 95% LTV with a rate of 5.99%.

The Cambridge’s first step two-year fixed mortgage at 98% LTV has been priced at 6.29%, while the two-year fixed at 80% LTV has a rate of 5.94%.

Santander also announced it is cutting some rates by up to 25 basis points on Thursday, while increasing others by up to 13bps.

The lender is repricing deals across its product transfer and new business ranges.