Related topic: Mortgage rates

The reductions apply to both prime and near prime products.

Hodge is now allowing borrowers to lend up to 6x income.

The buy-to-let lender has reduced rates across its new business products.

90% LTV products have seen the largest reductions.

Santander has announced its third round of mortgage rate reductions this month.

The lender has also launched an 80% LTV buy-to-let product.

Rates now start from 2.99%.

The Society has also launched exclusive buy-to-let products to support existing customers coming up to maturity.

The sheer volume of loans maturing has tilted the market towards refinancing, however the purchase market remains strong, Stonebridge says.

The bank's remortgage range has seen the most widespread cuts, with rates now from 3.80%.