Darlington Building Society has made a series of rate reductions of up to 0.35% across its residential mortgage range.

In addition, the society has launched new fixed rate options at 90% and 95% loan-to-value (LTV) for specialist and visa applicants.

The new lowered rates include a residential five-year fixed at 90% LTV which has a new rate of 4.94%, down from 5.29%, while a five-year fixed at 95% LTV has a new rate of 5.14%, down from 5.39%.

A residential two-year fixed at 90% has been cut from 5.34% to 5.19% and a two-year fixed at 95% LTV has been reduced from 5.64% to 5.39%.

Within the society’s specialist/VISA range, it has added a 90% and 95% LTV three-year fixed at 5.59% and 5.89% respectively.

In the same range, it has lowered its five-year fixed rate 90% LTV from 5.59% to 5.39% and the five-year fixed rate at 95% LTV from 5.79% to 5.69%.

The changes, effective from 12 May 2025, give brokers more choice when supporting clients with smaller deposits, complex circumstances, or limited UK credit history.

Darlington Building Society head of mortgage distribution Christopher Blewitt comments: “By reducing rates, we’re aiming to give brokers a wider choice of solutions across both standard and specialist lending. That includes cases involving foreign nationals, interest-only into retirement, and purchases at a discount to market value.”

Meanwhile, Accord Mortgages has made reductions to its residential range.

Rates have been lowered on two-year fixes by as much as 0.24%, three-year products by up to 0.15% and five-year deals by as much as 0.21%.

A two-year fixed rate up to 95% LTV has been cut from 5.42% to 5.18%. This is suitable for house purchase, which comes with a £495 fee, £300 cashback and free standard valuation.

A three-year fix up to 90% LTV has gone down from 5.06% to 4.91% for those remortgaging, which comes with a £495 fee, either £500 cashback or remortgage legal service, and free standard valuation.

And a five-year fixed rate up to 75% LTV for remortgage clients has been lowered from 4.22% to 4.15%.

This comes with a £1,495 fee, £500 cashback or remortgage legal service, and free standard valuation.

The lender has also extended product end dates to 31 August.

Accord Mortgages product manager Gemma Hyland states: “We’re always looking for ways to deliver excellent value to our brokers and their clients.”

“This is the latest example of how we are taking every opportunity to do this, and we’ll continue to do so as the year continues.”

Elsewhere, MPowered Mortgages has reduced its three-year fixed rate mortgages.

For new purchase customers, three-year fixed rates now start at 3.88% with a 40% deposit with a fee of £999 and the equivalent with no fee at 4.08%.

MPowered Mortgages head of product Peter Stimson says: “We are delighted to be cutting rates once again and believe our three-year fixed rates offer outstanding value in the market at present.”

“Borrowers need to be aware that current mortgage deals might not be around for long as swap rates are now rising as tariff deals are now being struck, starting to allay some of the recessionary fears that were priced into the swap curves.”