Secure Trust Bank has cut prices across 70 mortgage products and introduced a new £0 product fee range.

Rates have been cut by up to 0.85 percentage points on purchase and remortgage products, with the largest reductions on the STB3 product tier, for clients who have registered zero CCJs or defaults in the last six months.

A two-year fixed rate on STB3 up to 75% LTV has been cut by 0.85 percentage points to 3.74%; the same product now costs 3.64% up to 70% LTV and 3.54% up to 65% LTV.

On STB 2, for clients who have registered zero CCJs or defaults in the last 12 months, the biggest reduction is on the three-year fixed rate up to 75% LTV, which has been cut by 0.85 percentage points to 3.54% and rates are now available on this tier from 2.94% on a two-year fixed rate up to 65% LTV.

The largest cut on STB1, for clients who have zero CCJs or defaults in the last 24 months, is 0.60% on a five-year fixed rate up to 65% LTV, which is now available for 3.69% and the lowest rate on this tier is now 2.24% on a two-year fixed rate up to 65% LTV.

Secure Trust Bank has also introduced £0 product fee mortgages available up to maximum LTVs across all of its product tiers. A two-year fixed rate with £0 product fee is available from 2.84% up to 65% LTV and a five-year fixed rate with £0 product fees up to 65% LTV is available from 3.84%.

The range, which includes options for interest only and part and part, offers free standard valuations on purchases of properties valued up to £350,000 and free standard valuations and fees assisted legals on remortgages.

Tony Hall, sales and marketing director at Secure Trust Bank Mortgages, said: “At Secure Trust Bank, we underwrite every case on its own merits, using our criteria as an intelligent guide, not an insurmountable hurdle.

“This means that we can help brokers to place cases that might be too tricky for other lenders and, by cutting rates across 70 of our mortgages and introducing a £0 product fee range, we are making this approach even more accessible for clients who might not fit a standard credit score.

“The £0 product fee will be particularly useful for first-time buyers who want to minimise their upfront costs and remortgage clients who want an affordable way to switch their homeloan.”