Related topic: Mortgage rates

It has been over a month since the rate last fell below 5%. Before then, the rate had not dipped below 5% since September 2022.

Rates now start from 3.86%.

Rates have reduced by up to 0.15%.

Reductions include the new first-time buyer exclusive product range, as well as the lender’s 5K Deposit Mortgage.

Rates have reduced by up to 0.13%.

The changes apply to buy-to-let, commercial term, first and second charge mortgage, and consumer buy-to-let products.

Molo's two-year fixed rates have reduced by up to 0.14%.

Rates have reduced on almost all products in the lender's ranges.

Virgin is launching new purchase, remortgage and product transfer deals to replace its previous ranges.

The bank is also simplifying the minimum loan size in its standard residential remortgage range to £25,000.