Related topic: Mortgage rates

Semi-commercial two-year fixes now start from 5.91%, with five-year fixes from 6.38%.

Mortgage rates are pushing sellers in cheaper regions to cut asking prices, according to Rightmove.

The latest reductions span purchase, remortgage and product transfer.

The lender has reduced rates by up to 0.19% across its residential purchase and remortgage ranges.

An update to Foundation’s holiday let criteria allows property owners to reside in their properties for up to 60 days per year.

The lender's lowest residential rate is now at 4.95%.

The Society has enhanced its mortgage range for both purchase and remortgage borrowers.

The changes apply across the lender's 95% LTV range, alongside the launch of a new cashback product.

The largest reductions are to five-year fixed rate mortgages at 95% LTV.

The lender has reduced 90% LTV residential rates and launched new limited edition buy-to-let remortgage products.