This includes dropping the rates on its recently-launched 95% loan-to-value (LTV) mortgage aimed at first-time buyers which now starts at 3.49%. Rates are also cut across its home purchase and remortgage ranges.

Graham Carter, Beverley’s head of mortgages, said: “This is the latest example of how we are listening to feedback from brokers and direct customers, and adjusting our mortgage offering accordingly, as we continually seek to underline our mutual commitment to enabling homeownership for as many people as we possibly can.

“Our flexible and individual approach to underwriting means we can make our simple range of fixed and discounted-rate products available to a wide range of borrowers, including the self-employed, people borrowing in later life and families looking to collaborate on a purchase.”