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

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%.

The lender has launched a £400 cashback incentive across its entire residential product range.

Nationwide has reduced rates by up to 0.30%, offering sub-4% first-time buyer rates for first time since September 2024.

The lender has reduced two, three and five year fixed rates by up to 0.17%.

The Society has reduced two-year fixed rates ahead of this week's MPC meeting.

Expat buy-to-let products have seen the largest reductions.

Residential, buy-to-let, and the newly launched limited company buy-to-let rates are all benefitting from a reduction.

This is the first time all purchase and first-time buyer rates have been under 5% since 2022.