The average two-year fix remained at 2.02 per cent across the week, show latest figures from Moneyfacts.
This was also the case for the average five- and 10-year fixed rates, although this disguises plenty of churn within the five-year fixes at least.
The average three-year fix, meanwhile, fell by seven basis points.
Two-year fixes
The biggest average movement here was at 85 per cent LTV, where the average rate dropped from 2.11 per cent to 2.04 per cent.
This was followed by the average rate at 75 per cent LTV, which fell from 2.01 per cent to 1.98 per cent.
The average rate rose at 70 per cent LTV, from 2.12 per cent to 2.18 per cent, and at 80 per cent LTV, from 2.13 per cent to 2.17 per cent.
Three-year fixes
The average rate in this category fell from 2.29 per cent to 2.22 per cent, with dramatic falls present within.
For instance, at 80 per cent LTV, the average rate dropped from 2.33 per cent to 2.20 per cent, and at 70 per cent LTV, from 2.56 per cent to 2.44 per cent.
At 60 per cent LTV, the average rate fell from 2.13 per cent to 2.04 per cent. Rates barely moved elsewhere.
Five-year fixes
The average rate for a five-year fix was 2.27 per cent throughout the week.
At 85 per cent LTV the average rate fell from 2.37 per cent to 2.29 per cent.
This was offset by smaller gains elsewhere: at 80 per cent LTV the rate moved upward from 2.37 per cent to 2.42 per cent, and at 70 per cent LTV, from 2.36 per cent to 2.41 per cent.
10-year fixes
The average rate for a 10-year fix was static, at 2.63 per cent.
The largest movement was only five basis points, and was found at 80 per cent LTV, where the average rate fell from 2.87 per cent to 2.92 per cent.
At 85 per cent LTV the average rate dropped from 2.79 per cent to 2.77 per cent.
Moneyfacts finance expert Eleanor Williams says: “A busier week in the residential mortgage sector with many lenders making updates and amendments to their ranges and some making further rate reductions.
“A number of the building societies made additions to their ranges, with providers such as Ipswich Building Society, Vernon Building Society and Tipton & Coseley Building Society launching selected products in the higher LTV brackets. Platform has extended its 80 per cent LTV product availability to house purchase customers and Kensington have also launched 80 per cent LTV products for its customers in England.
“There continue to be criteria changes as well, including Santander and Barclays increasing the maximum advances available on certain deals.
“Borrowers who are looking into their mortgage options now that the property market has reopened may do well to speak with an independent, qualified financial advisor in order to ensure they can access up to date and accurate information as to what is available.”
