Average rates have fallen by up to 0.17% compared to last week.

Rates have reduced by up to 0.47%, with loans of between £1m and £4m qualifying for a further 0.25% reduction.

New build, large loan and buy-to-let rates are among the rate increases.

The Society is offering a 5.48% five-year fix to support the new proposition.

2024 was the busiest ever year for purchase and remortgage searches.

The lender has also increased the maximum LTV for small MUFBs to 75%.

Paul Adams, sales director at Pepper Money, says a 2025 resurgence of the remortgage is a huge opportunity for brokers with more customers needing professional advice. 

Demand for mortgage lending is also expected to fall in Q1.

Try's advisers now have access to the lender's entire range residential buy-to-let and bridging products.

The maximum LTV has now increased to 75%.