Related topic: Mortgage rates

The specialist buy-to-let lender’s two-year fixed rates now start from 3.24%, while five-year fixed rates start from 5.15%.

The lender has reduced rates across its prime, prime eKo and core ranges at 75% LTV.

The biggest discounts to the residential range apply to products at 95% LTV.

Prices are expected to start recovering from the second half of 2028, with average prices forecast to increase by 15.8% or £56,500 over the five-years to 2031.

A challenging environment to reprice fixed rate mortgage deals created a mix of activity from lenders over recent weeks, while a BBR hike of 0.25% is expected tomorrow.

Nationwide has reduced fixed mortgage rates for first-time buyers, home movers and remortgagers, with its lowest rate now at 4.89%.

The lender has also reintroduced a sub-5% mortgage rate as part of the changes.

The lender has announced a range of reductions across its two, three and five-year fixed rates.

The latest round of cuts means Barclays is now offering sub-5% two and five-year fixed mortgage rates.

Lower mortgage rates should help households resume postponed moves from 2027, but borrowing costs are expected to remain above the levels seen for much of the 2010s.