The average two-year fix rate fell again this week, from the 2.15 per cent seen last Friday to 2.11 per cent today.

Drops in the average rates of three-, five- and 10-year fixes were also present.

Two-year fixes

The average rate for two-year fixes fell at all LTVs except within the 95 per cent LTV group, where it increased from 3.28 per cent to 3.37 per cent and 65 per cent, where it went from 1.73 per cent to 1.77 per cent. As well as this, at 60 per cent LTV the rate remained at 1.80 per cent.

The biggest fall was at 50 per cent LTV, where the average rate dropped from 2.11 per cent to 1.92 per cent, followed by 90 per cent LTV, where it dropped from 2.46 per cent to 2.40 per cent.

Three-year fixes

There was little movement here relevant to recent weeks, with the overall average rate falling from 2.32 per cent to 2.27 per cent.

The most drama was seen at 60 per cent LTV, where the average rate dropped from 2.23 per cent to 2.17 per cent. This was followed by a movement from 2.07 per cent to 2.02 per cent at 75 per cent LTV.

Meanwhile, at 70 per cent LTV, the average rate flicked upward from 2.29 per cent to 2.33 per cent.

Five-year fixes

Here the average rate dropped from 2.41 per cent to 2.37 per cent.

At 50 per cent LTV the rate fell from 2.44 per cent to 2.33 per cent – the biggest mover within five-year fixes.

The second-biggest swing was in the opposite direction – at 95 per cent LTV, the average rate jumped from 3.45 per cent to 3.54 per cent.

10-year fixes

The average rate for longer-term fixes fell from 2.67 per cent to 2.63 per cent.

A quite remarkable swing was witnessed at 50 per cent LTV, where the average rage plummeted from 3.22 per cent to 2.09 per cent.

Things were much calmer elsewhere, however, with the second-biggest change being found at 65 per cent LTV, where the rate increased from 2.28 per cent to 2.32 per cent.

Moneyfacts finance expert Eleanor Williams says: “Continuing the encouraging trend from last week where we saw early indications of lenders acclimatising to the ‘new normal’ and beginning to return products to their ranges, this week has seen further positive updates from a variety of mortgage providers.

“Barclays Mortgage has re-introduced deals at 80 per cent LTV for both remortgage and purchase customers, both Halifax and Nationwide have increased options up to 85 per cent LTV via intermediaries and TSB has refreshed it’s range with deals up to 80 per cent LTV for those remortgaging and 75 per cent LTV for those purchasing.

“These updates are encouraging news not only for the mortgage sector, demonstrating an ability to adapt their processes and models in unprecedented circumstances, but also for mortgage