Rates now start from 4.19%.
Related topic: Mortgages
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Spring has fully automated the decision in principle and application process.
The research also found that over two-thirds of property professionals are in favour of pre-sale surveys.
Reductions include the Society's Credit Repair and Versatility products.
The rate can potentially improve affordability and mortgage accessibility for borrowers.
The Society and its intermediary-only lending division are both reducing purchase and remortgage rates.
The Society has launched a new 3% incentive product range.