The Society has also shortened the time from completion to payment of the cashback from 14 days to 5 days.

Rates have reduced by up to 0.31%.

The lender has joined the sub-4% mortgage market following its latest round of rate reductions.

The biggest reductions are to two-year fixed rates, with other products in the range seeing increases of up to 0.17%.

Atom has reduced rates across its residential mortgage range by up to 0.15%.

Rates have reduced by up to 0.46%.

85% and 95% LTV residential rates have reduced, alongside selected remortgage products.

Accord is also extending end dates to 30th November.

Lenders may consider a low and slow approach to making cuts over the next few weeks, Moneyfacts says.

Residential rates have reduced by up to 0.14% following yesterday's Bank of England base rate reduction.