The updated range will be available from Friday 3 August 2012.
The new 60% LTV fixed rates will be available to both purchase and remortgage customers at 2.99% with a product fee, or 3.39% with no product fee.
As with other products in the range, customers remortgaging from another lender will benefit from free standard legal services and a free basic valuation.
A number of rate reductions are also being made across the existing product range. 2-year fixed rates will be reduced across LTV tiers from 70% to 90% – so customers with lower deposits will also benefit. The 70% LTV 2-year fixed rate will be reduced to 3.19% (with a product fee), with rates at 80%, 85% and 90% also reducing by up to 0.20%. 3-year fixed rates will fall to 3.49% (up to 70% LTV with a product fee). 5-year fixes will reduce to 3.59% up to 70% LTV, and 3.79% up to 75% LTV (with product fees). Cashback of up to £300 also remains available on a selection of residential purchase products.
Buy-to-let fixed rate loans have been reduced by up to 0.41%, and will be available from 3.99% for 2-years, 4.39% for 3 years or 4.59% for 5-years. The buy-to-let range continues to offer cashback of £500 on completion.
