Related topic: Mortgage rates

The changes apply across the lender’s range of two and five-year fixed rate products for new customers.

The average mortgage rate dropped by 39 basis points from the previous month to 4.35%.

Aldermore is adding limited edition residential and buy-to-let products into its core range.

The lender's lowest three-year fixed rate is now 3.70%.

The cuts follow a fall in swap rates over the last month.

Zephyr has also launched a range of limited edition mortgage products with a 5% fee.

Elsewhere, the lender has increased selected two, three and five-year rates.

The specialist lender has aligned pricing across its two and five-year fixed rates.

The lender has also added a 5% overpayment function across its entire buy-to-let mortgage range.holi

The lender has reduced rates by up to 0.20% across its two-year proposition.