All new business and product transfer fixed rates will reduce by up to 0.36%.

Average rates across all LTVs are now as much as 2% lower than after the mini-budget.

Residential rates now start from 4.14%.

Two-year fixed rates now start from 3.69% at 65% LTV.

Mortgage approvals have climbed for the fourth consecutive month.

The latest reductions follow cuts to its three-year fixed rates last week.

Overall buy-to-let product availability also rose month-on-month.

The bank has announced reductions across two-year fixed rate purchase and remortgage products.

Residential and buy-to-let product rates have reduced by up to 0.41%.

Rates have reduced by up to 0.30%.