Lloyds Bank has reduced the rate on its 5-year fix remortgage at 80% loan-to-value (LTV).
Lloyds has cut the rate by 0.10% to reach 1.74%.
It comes with a £1,499 product fee payable upfront and free valuation and free legal fees.
Rachel Springall, finance expert at Moneyfacts, said: “This week, Lloyds Bank has made various cuts to selected fixed rates, with its 5-year fixed deal reducing by 0.10%.
“Now priced at 1.74%, the deal offers a highly competitive rate and incentive package.
“Those looking to remortgage and who wish to take advantage of some cost-saving incentives with a well-known brand may find this deal a competitive option, but they must pay for the product fee upfront.”
Meanwhile Barclays Mortgage has increased the rate on its 2-year fixed rate mortgage at 90% LTV by 0.05% to reach 1.85%.
It comes with a £999 product fee, all of which can be added to the mortgage advance, free valuation for all and free legal fees or £250 cashback for remortgage customers.
Springall added: “Now priced at 1.85%, and despite the rate rise, the deal remains a competitive choice as it also comes with a noteworthy incentive package.
“Those looking to take advantage could find the package enticing as borrowers will get a free valuation and remortgage customers are also offered the choice of free legal fees or £250 cashback.”