Many of the rates now start below 5%.

The Mortgage Works is reducing rates across its new business and switcher range.

The product caters for unusual and complex property types as well as a wide range of borrowers.

The biggest reduction has been made to its two-year fixed rate W1 product which now starts from 4.74%.

Rates have reduced across the lender's limited company, HMO/MUFB and refurbishment ranges.

Rates have reduced by up to 0.20%.

Accord Mortgages has announced it is making positive changes to its BTL range.

Rates have reduced by up to 0.50% and now start from 4.49%.

The largest reductions are to three-year products at 60% LTV.

The products are available up to 80% LTV and offer a range of fee options.