The specialist bank has made its largest reductions on its STB3 product tier for clients who have registered zero CCJs or defaults in the last six months.

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

Cuts have also been made on the bank’s STB2 and STB1 products for clients who have registered zero CCJs or defaults in the last 12 and 24 months, respectively.

It has also introduced £0 product fee mortgages available up to maximum LTVs across all of its product tiers.

A two-year fixed rate with a £0 product fee is available from 2.84% up to 65% LTV, while a five-year fixed rate is offered from 3.84% up to 65% LTV.

The range – which includes options for interest-only and part and part – offers free standard valuations on purchase of properties valued up to £350,000.

It also offers free standard valuations and fees assisted legals on remortgages.

Tony Hall, sales and marketing director at Secure Trust Bank Mortgages (pictured above), 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 home loan.”