The two-year fixed rate mortgage now has an initial rate of 2.49 per cent up to 75 per cent loan to value (LTV) or 2.75 per cent up to 95 per cent LTV. The five-year capped rate has been cut from 5.85 per cent to 5.75 per cent, and a 1.9 per cent two-year discount has been launched with an initial rate of 4.25 per cent, and no extended tie-ins.
The maximum advance on all products has been raised to £500,000, and the 0.25 per cent loading on negotiated advances of more than £500,000 has been removed.
