The cuts will be made in both the broker and branch based business but is only for existing customers.
A spokesman says: “Our price reductions, for existing customers only, are on both our intermediary and branch based ranges. These price reductions reflect a recent, modest, reduction in the still very high cost of Libor related funding.
“This move ensures that, as always, there is a competitively priced mortgage range available for our customers coming to the end of their mortgage.”
The cuts will come into effect from 21 May.
For product transfer/further advance, fixed rates will be reduced by 0.20 per cent on 3 and 5 year £1,499 fee products. Rates will be reduced by 0.10 per cent on the remaining 3 and 5 year products.
Tracker rates will be reduced by 0.20 per cent on 3 year products. It has also opened up the loan availability to £2 million on the 0-75 per cent loan to value products.
The lender has reduced its Retirement Home Plan fixed rates by 0.20 per cent.