Melton Building Society has reduced rates across its 80% loan-to-value (LTV) fixed residential range.
The society made reductions to rates on its 2-year and 5-year fixed residential products, with cuts of up to 0.20%.
The 2-year fixed residential offering is now available at 4.90%, while the 5-year fixed is available at 4.59%.
Both products come with no application fees and a free basic valuation.
The 5-year fixed also includes £500 cashback.
William Bell, product manager at The Melton Building Society, said: “As a mutual building society with 150 years of experience in supporting both savers and borrowers, we recognise the importance of offering consumers good value.
“By introducing these rate changes, we are hoping to provide more opportunities for brokers to assist their clients in achieving their home ownership ambitions and give confidence to prospective borrowers to take the plunge into their next move.”
