Rates have also been cut on three and five-year fixed rate deals.
Your home may be repossessed if you do not keep up repayments on your mortgage.
A fee of a maximum of £500 or up to 1% of the mortgage amount, if greater, may be charged depending on your circumstances. A typical fee is £399.
Openwork Limited offers insurance and investment advice on products from a limited number of product providers and advice on mortgages representative of the whole market.