Product transfer and Retrofit Boost rates have seen some of the largest rises.

Rates have reduced by up to 14 bps.

The lender's two-year fixed rates now start at 4.21%.

Residential fixed rates across purchase, remortgage and green products are increasing by up to 0.29%.

The average five-year fixed rate rose by 0.02% as swap rates continue to rise.

The Society has reintroduced a 60% LTV tier as part of the product launch.

The lender has passed on the full Bank Base Rate reduction plus an additional 0.50% cut.

The swaps market has been rising since mid-September.

Affected products include remortgage, Fix and Switch, Retrofit Boost and product transfers.

Sam Oliver, founder of AI platform OpenFi, says that as the rate war intensifies, smaller and more agile brokers will need to embrace new technology to compete.