The Help to Buy loan is a fee-free two-year tracker, at 95% LTV, reduced from 4.99% to 4.74%.

The other new products include a two-year tracker at 70% LTV, reduced from 2.19% to 2.14% with a £495 fee.

The lender has also cut its two-year tracker at 80% LTV from 3.29% to 2.84% with Core, Homebuyer & Remortgage Solutions, with a £495 fee.

It is also reducing rates on selected Existing Mover Exclusives by up to 0.25%.

• Two-year fixed at 75% LTV, reduced from 2.29% to 2.24% with a £995 fee
• Three-year fixed at 75% LTV, reduced from 3.04% to 2.79% with a £995 fee
• Two-year tracker at 70% LTV, reduced from 2.14% to 2.09% with a £495 fee