The society’s fixed rates across its residential and let mortgages have lowered, including two-year fixed by 0.36%, three-year fixes by 0.32% and five-year fixes by 0.28%.

The specialist lender has also launched a Discount Now, Fix Later option to support brokers and their clients in the current market.

The society’s rates now start from 5.79% fixed and 5.05% discounted for residential tier one cases with a £1,495 product fee, 4.96% fixed and 4.20% discounted for residential large loan cases between £3m and £5m, available for a limited time and 6.20% fixed and 5.46% discounted for let tier one cases, including top-slicing and lending into retirement as standard.

Market Harborough head of mortgage distribution Iain Smith says: “Waiving the product change fee and allowing a switch from a discounted rate to a fixed rate before completion is about giving brokers and their clients more control in a fast moving market, removing cost barriers and making it easier to adapt.”

“Today’s news reinforces our focus on delivering practical, award-winning solutions for a broad range of client needs, including those with more complex cases. As always, we’re keeping our partners fully informed every step of the way.”