Residential, buy-to-let, and the newly launched limited company buy-to-let rates are all benefitting from a reduction.

This is the first time all purchase and first-time buyer rates have been under 5% since 2022.

The lender is reducing all two-year fixed mortgage products by 15 basis points.

Keystone Property Finance has reduced rates by up to 10 basis points.

The largest reductions are to 95% LTV rates.

The specialist lender’s residential rates for cases up to £2m now start from 5.19%.

Shared ownership rates have seen the largest reductions.

The lender has also trimmed purchase rates by up to 0.09%.

Rates have reduced by up to 0.20%.

Barclays has introduced sub-4% two-year fixed rates at 75% LTV.