Related topic: discounted mortgage

Rates have reduced by up to 41bps across the lender's core, LTI Boost, Fee Assist, Extra, Right to Buy and shared ownership ranges.

The Society has launched new two and three-year discount options for limited company and expat borrowers.

The Society is encouraging brokers to consider three-year options when sourcing solutions for their clients.

The Society has also made a series of rate reductions across its core purchase range.

The new product is designed to provide brokers and their clients with greater flexibility when seeking short-term lending solutions.

Previously, the Bank required customers who were buying a property in this way to contribute a minimum 5% deposit from their own personal funds.

The Society has also reduced rates across its mortgage ranges by up to 0.36%.

The pair of products are designed to support brokers placing remortgage business at lower LTV levels.

The refreshed range spans first-time buyer, Credit Revive, Credit Restore, later life lending and buy-to-let.

The rate has reduced to 4.81% following a cut to the Society’s SVR.