The revised mortgage range, which has seen cuts of up to 0.55%, includes a 60% LTV 2-year fix cut by 0.15% to 0.99%, with a £490 fee.

As well as this, the lender’s 60% LTV 5-year fix has been reduced by 0.15% to 1.09%, with a £490 fee, and its 75% LTV 2-year fix has been cut by 0.10% to 1.39%.

The 80% LTV 2-year fix has been reduced by 0.40% to 1.59% with a £490 fee and the 90% LTV 2-year fix has been cut by 0.50% to 2.39%.

Lloyd Robson, commercial director at first direct, said: “Whether moving house, remortgaging or getting additional lending, getting a mortgage with us has never been cheaper.

“We are proud to offer our first ever sub-1% mortgage alongside other rate cuts to our already competitive mortgage rates.”