With the two-year fix remaining at 2.42 per cent, it was a quiet week for average fixed rates, shows data from Moneyfacts.

The three-year fix was static too, staying at 2.90 per cent.

Meanwhile, the five-year fix dropped slightly, from 2.72 per cent to 2.71 per cent, while the 10-year fix rose by the same amount, from 2.84 per cent to 2.85 per cent.

Two-year fix

It was a quiet week here, with rates mostly dropping by 0.01 per cent – that is, apart from at 90 per cent LTV, where the average rate plummeted from 3.88 per cent to 3.61 per cent.

The next-biggest change occurred at 85 per cent LTV, where the average rage ticked downwards, from 3.08 per cent to 3.06 per cent.

Three-year fix

Here, the most significant changes happened at 90 per cent LTV, where the average rate fell from 3.48 per cent to 3.46 per cent and at 65 per cent LTV, where the average rate gained 2 basis points, going from 2.04 per cent to 2.06 per cent.

Elsewhere, rates fluctuated by 1 basis point.

Five-year fix

As with the two-year fix, the biggest change was at 90 per cent LTV. Within this fix, the average rate fell from 4.04 per cent to 3.85 per cent.

Meanwhile, at 65 per cent LTV, the average rate shed 10 basis points, going from 2.23 per cent to 2.13 per cent.

10-year fix

There was only one shift in the average rate here – at 80 per cent LTV, it increased from 2.87 per cent to 2.96 per cent.

Moneyfacts finance expert Eleanor Williams says: “This week we have again seen a variety of changes from providers as they continue to adjust their criteria and rates. Virgin Money made some notable rate reductions of up to 0.49 per cent, while from the building societies we have seen both Nottingham Building Society and Leek United Building Society make selected rate cuts of up to 0.35 per cent and 0.42 per cent, respectively.

“Barclays Mortgage made reductions of up to 0.18 per cent and introduced new products, available at up to 85 per cent LTV. Both TSB and Coventry Building Society launched remortgage deals available up to 85 per cent LTV, and both also amended rates with selected products increasing by up to 0.30 per cent and 0.40 per cent, respectively.

“The mortgage sector remains fluid, with updates to criteria and products continuing with great regularity, and therefore those looking to assess their options may wish to seek advice and support from a qualified, independent advisor to best navigate the mortgage maze.”