Lenders continue to cut rates despite fears that scrapping the FLS will force up mortgage costs.
Skipton Building Society has just launched a competitive new mortgage range, with rates starting from as low as 1.74%.
This follows fast on the heels of Post Office Mortgages, which has launched a string of new market leading mortgages with two-year fixes from 1.88% up to 75% LTV.
Santander for Intermediaries launched its new range of higher LTV products on Monday, including two-year fix at 2.74% to 80% LTV, with a £995 fee.
Skipton's range includes a market-leading two-year fixed rate at 3.99% to 90% LTV. Almost all of the deals are available through intermediaries.
It has also reduced its rates by up to 0.20%, cut completion fees, and reduced high fee/low rate options for borrowers with bigger loan sizes.
Skipton's cheapest two-year fix is a new product charging 1.74% to 60% LTV, with a £1,995 fee.
It offers 14 new two-year fixes in total, with LTVs ranging from 60% to 90%. The range also includes three and five-year fixes, two-year trackers and discounts, and a string of buy-to-let products.
Kris Brewster, Skipton's head of products, said: “We’ve tried to be creative in increasing the choice we offer borrowers, with a variety of high, low and fee free options – as well as solutions for people with different levels of equity and deposits.
“The introduction of the high fee/low rate products to our range is a new move for Skipton, and we hope these will appeal to people borrowing larger sums, for whom this can represent a really good value option.”
The new deals from the Post Office include a 1.88% two-year fixed rate to 75% LTV, with a £1,495 fee.
It also offers a 2.28% two-year fixed rate deal to 80% LTV, again, with a £1,495 fee.
Other changes include a rate reduction on its two-year fixed rate to 90% LTV with a £1,495 fee for first-time buyers, along with two new additions to its 90% LTV range.
John Willcock, head of Post Office Mortgages, said: “Today’s announcement highlights our on-going commitment to put our customers first and offer great value mortgages, whether you are a first time buyer or looking to move."
Post Office Mortgages deals in full:
Two-year fixed rate at 75% LTV – 1.88% (£1,495 fee)
Two-year fixed rate at 80% LTV – 2.28% (£1,495 fee)
Five-year fixed rate at 80% LTV – 3.29% (£1,495 fee)
Two-year fixed rate at 85% LTV – 2.78% (£1,495 fee)
Three-year fixed rate at 90% LTV – 3.94% (£995 fee)
Five-year fixed rate at 90% LTV – 4.29% (£1,495 fee)
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