Chelsea Building Society has cut its 2.64 per cent two-year fixed available up to 75 per cent loan-to-value to 2.54 per cent.
The building society is also cutting its fees by £150 across all products in his range, with fees now ranging from £245 and £1,545.
The 75 per cent LTV deal has a fee of £745 and comes with £500 cashback for home buyers, or free valuation and assistance with legal fees for remortgage borrowers.
Chelsea product manager Sunjeev Sahota says: “This 75 per cent product is ideal for first time buyers with a larger deposit, or second steppers or homeowners wanting to remortgage who have at least 25 per cent equity in their property.
“By reducing product fees across our product range we are responding to customers, many of whom are seeking to minimise their upfront costs when completing their Chelsea mortgage.”