The Mortgage Works reduces five-year fixes by up to 0.5%

Charges 

Varies between £0, £995 or £1,995 fee. 

Verdict 

Lenders are trying hard to bring in the business. Both TMW and Accord are offering decent rates, if not top of the market, to attract customers, but borrowers may be too cautious due to the tax changes. 

melanie.tringham@ft.com