Hodge has reduced its affordability stress rate to support more customers onto the property ladder.

Buyers are changing their mortgage weeks before completion as brokers are approaching them with better deals.

The bank has launched new sub-4% three-year fixed rate products.

Rates across the Society's Credit Revive and Credit Restore ranges have reduced by up to 40bps.

The Mortgage Works has reduced buy-to-let and limited company mortgage rates by up to 0.30%.

The maximum loan is now segmented in to three groups, which allows brokers to compare maximum loan with and without fees.

Two and five-year fixed rates have reduced by up to 0.27%.

The Bank's highest LTVs have seen the largest rate reductions.

Rate cuts apply across the lender's first-time buyer, home mover and remortgage ranges.

The lender has reduced rates for new and existing customers looking for a new mortgage deal by up to 0.22%.