Related topic: Mortgage rates

The largest reductions are to five-year fixed rate mortgages at 95% LTV.

The lender has reduced 90% LTV residential rates and launched new limited edition buy-to-let remortgage products.

Three-year and selected two-year fixed rates have increases across the Society's lending ranges.

The biggest changes affect selected products available for house purchase up to 80% LTV.

First-time buyer, remortgage and home mover products benefit from the latest reductions, with the return of several sub-5% rates.

The largest reductions are across 95% LTV products.

The range refresh sees reductions of 0.10% applied to all of the lender’s fixed rate mortgage products available for new business.

The number of sub-5% fixed mortgage deals has plunged by 99%, from 1,494 since the start of September 2026 to just nine today. 

Homes for sale are up 5% year-on-year while sales agreed have fallen 9%, widening the gap between supply and demand.

The decline comes as the average interest rate paid on newly drawn mortgages increased from 4.45% in July to 4.60% in August.