The changes will take effect from 20th February, and extending the end dates for these rates to 1st May 2008.
Rates on deals with a loan to value of up to 75% will be reduced by 10 basis points, and loans greater than 75% will receive a 25 basis points reduction with effect from Monday 20th February.
The two year fixed rates will start from 5.49% (6.3% APR) for products with no redemption penalties beyond the fixed rate period, and 4.74% (6.1% APR) for products with extended redemption penalties.
