Nottingham and Leeds Building Society are reducing rates by up to 20bps.

The Nottingham will be making cuts of up to 20bps to new business and retention products on 17 April. The cuts will apply to residential, limited company and standard buy-to-let, retirement interest only and foreign national homeloans.

The society will also introduce a new 90% LTV no-fee residential option.

It will also increase the maximum buy-to-let term to 40 years, accept first-time landlords and apply more flexible lease length requirements.

Leeds Building Society will be cutting some residential fixed rates by up to 10bps. Some buy-to-let rates will increase, while some affordable housing fixes will reduce by 17bps.