Reliance Bank has cut rates for key workers by up to 109 basis points, with two-year fixed-rate loans starting at 4.99%.  

The lender adds that cashback offers for these deals are £850, paid within 60 days of the date of completion.  

Highlights include:  

• Two-year fixes up to 75% loan to value, with a £1,499 arrangement fee at 4.99%, from 5.30%   
• Two-year fixes up to 75% LTV, with no arrangement fee at 5.29%, from 5.85%   
• Two-year fixes up to 90%, with an arrangement fee, at 5.20%, from 6.50%   
• Two-year fixes up to 90% LTV, with no arrangement fee, at 5.70%, from 6.79%   
• Three-year fixes up to 75% LTV, with an arrangement fee, at 5.01%, from 5.25%  
• Three-year fixes up to 75% LTV, with no arrangement fee, at 5.29%, from 5.84%  

Reliance Bank head of mortgages Gareth Byrne says: “We have significantly improved our rates to help key workers own a home. And this product range continues to offer cash back incentives for key worker mortgage completions.”