Within the lender’s product transfer range, rates have been lowered across its residential one-year fixed products between 0% and 75% loan-to-value (LTV) by 0.25% and two-year fixed rates between 90% and 120% LTV have been cut by 0.10%.

In addition, three-year fixed rates between 0% and 75% LTV and 80% and 85% LTV have both been reduced by 0.05%, while five-year fixed rates between 90% and 120% LTV have been lowered by 0.15%.

TSB has also reduced its buy-to-let (BTL) one-year fixed rates between 0% and 75% LTV by 0.25%.

Within its additional borrowing range, the residential three-year fixed products between 0% and 75% LTV have been cut by 0.05%.

Meanwhile, Shawbrook has reduced rates across its BTL product transfer range by as much as 30 basis points.

For single lets, rates now start from 5.69% and for houses of multiple occupancy and multi unit freehold blocks, rate start from 5.89%.

Earlier today, Kensington announced it had lowered rates across its Resi 12 and Resi 6 product ranges, aimed at clients with more complex credit files.