Aldermore has reduced rates across its residential owner occupier range, focusing on higher loan-to-value (LTV) mortgages.
These changes are set to benefit those with lower deposits, such as first-time buyers.
For new customers, 2-year fixed rates up to 95% LTV were cut by up to 0.60%, starting at 6.54%, with options including zero and £999 fees.
3-year fixed rates up to 95% LTV were reduced by up to 0.35%, beginning at 6.59%, again with zero and £999 fee options.
5-year fixed rates up to 95% LTV saw a reduction of up to 0.70%, starting at 5.99%, with zero, £999, and £1,999 fee options.
For existing customers, fixed rates above 80% LTV have been cut by up to 0.60%, with rates starting at 6.19%.
Jon Cooper, director of mortgages at Aldermore, said: “At Aldermore we’re keen to stay fresh and offer competitive rates that stand out.
“We’re especially focused on supporting first time buyers and those with lower deposits, making home ownership more accessible.
“With these changes and expert guidance from a broker, stepping onto the property ladder becomes more achievable.”