The bank is holding the majority of residential fixed rates over 75% LTV.

Home mover, first-time buyer, remortgage and buy-to-let rates are reducing by up to 0.19%.

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

In cases where there is concern that the property will not be completed within nine-months, a three-month extension can be applied for.

The new products include 43 new build specific mortgages.

The lender has reduced rates across its range by up to 0.21%.

Residential remortgage and product transfer rates have seen the largest reductions.

The decision will enable customers to borrow up to £35,000 more.

The lender has reduced rates by up to 0.15% but increased other rates across its purchase and remortgage ranges.

The changes could enable landlords to borrow more when buying or remortgaging a buy-to-let property.