Residential rates have been reduced by up to 25bps on RL0 and RL1 product ranges, on all LTV tiers up to 90%.

80% LTV residential rates have seen the largest increases.

Rates have increased by up to 0.13%.

The latest figures are a far cry from 2022, when longer-term fixes briefly dominated.

Rates have reduced by up to 0.10%.

Fleet has also withdrawn all existing 55% LTV products and selected 65% LTV products.

Pre-Budget speculation takes the shine off recent rate cuts, Moneyfacts says.

These deals now represent 19% of the residential mortgage market.

Bluestone Mortgages product rates now start from 5.64%.

The lender has removed several sub-4% rates as part of the latest rate increases.