In its core purchase range, the lender has reduced the two-year fixed rate at 80% LTV product by 7 bps, now available at 4.46% with no fee.

It has also introduced four new products at 85% LTV, across both purchase and remortgage two-year fixed rates.

Among the most competitive products are a two-year fixed remortgage rate at 4.48% with a £999 fee up to 85% LTV.

A two-year fixed at 80% LTV has come down by 6 bps to 4.23% with a £999 fee.

In the Shared Ownership range, fee and no fee rates have reduced by up to 13 bps on two-year fixed products at 90% LTV.

A new five-year fixed rate with a £999 fee at 90% LTV.

In the new build range, two-year fixed rates have been reduced by up to 23 bps, available up to 95% LTV.

Product manager Aran Mann says: “We’re always looking at how we can make our products work harder for brokers and their clients, particularly in today’s environment where affordability pressures remain front of mind.

“These latest changes reflect our ongoing commitment to supporting borrowers, including those with lower deposits, offering them greater value and flexibility across a wider set of needs.

“The support and insight we receive from intermediaries continues to play a vital role in shaping our product range.”

Moneyfacts figures today show that the average two and five-year fixed rates have remained unchanged for two weeks.