The average rate for a three-year fix fell from 2.83 per cent to 2.77 per cent this week, according to data from Moneyfacts.

Meanwhile, rates rose at the five- and 10-year fixes – from 2.68 per cent to 2.70 per cent and 2.78 per cent to 2.84 per cent, respectively, and the two-year fix stayed put at 2.43 per cent.

Two-year fix

Beside a significant fall in the average rate at 50 per cent LTV, where the rate dropped from 2.34 per cent to 2.05 per cent, at higher LTVs the rates moved by a maximum of a mere 0.02 per cent.

At 80 per cent LTV the average rate moved from 2.66 per cent to 2.68 per cent and at 85 per cent LTV, from 3.10 per cent to 3.12 per cent.

Other movements were limited to changes of 0.01 per cent.

Three-year fix

It was a busy week for the three-year fix, with big changes at almost every LTV category.

At 50 per cent LTV the average rate fell 0.33 per cent – from 3.29 per cent to 2.96 per cent.

At 60 per cent LTV, the average rate dropped by 0.08 per cent – from 2.59 per cent to 2.51 per cent.

And at 80 per cent LTV, the rate dropped 0.06 per cent to land at 2.85 per cent, while at 75 per cent LTV, a fall of 0.04 per cent saw the average rate come in at 2.50 per cent.

However, there were big moves in the other direction, too: at 85 per cent LTV, the average rate gained 0.09 per cent, moving from 2.99 per cent to 3.08 per cent and at 65 per cent LTV, the average rate jumped 0.10 per cent, going from 1.93 per cent to 2.03 per cent.

Five-year fix

Within this fix there was an eye-popping cut in the average rate at 50 per cent LTV – the rate falling from 3.02 per cent to 2.57 per cent – but to balance this there were slighter gains elsewhere.

The biggest were at 80 per cent LTV and 85 per cent LTV, where increases of 0.06 per cent saw average rates settle at 2.98 per cent to 3.25 per cent, respectively.

10-year fixes

This fix saw two significant changes – at 85 per cent LTV the average rate gained 22 basis points, going from 3.33 per cent to 3.55 per cent, and at 65 per cent LTV, the average rate went from 2.44 per cent to 2.61 per cent.

Moneyfacts finance expert Rachel Springall says: “This week there are been some notable deals launched or re-priced by Barclays Mortgage, Coventry BS and Skipton BS, with the latter slashing 0.95 per cent off its five-year fixed rate mortgage available at 85 per cent LTV.

“We have seen a mix of changes including reductions to fixed rates from Barclays Mortgage, Coventry BS, Lloyds Bank. However, there were also lenders who have increased rates on their range this week, including Cambridge BS, NatWest/RBS, West Brom BS and TSB. NatWest also launched some ‘green mortgages’ to complement its range.