For new business residential, selected remortgage two and three-year fixed products have decreased by up to 0.18%; purchase two and three-year fixed products have decreased by up to 0.26%; while the purchase five- year fixed product with £999 fee at 95% LTV has increased by 0.06%.

For professional mortgages, two-year fixed products have decreased by up to 0.18%.

For buy to let, two-year fixed products have decreased by 0.10%

For retention residential customers selected two and three- year fixed products decreased by up to 0.18%; buy to let two-year fixed products have decreased by 0.10%; and help to buy selected two and three-year fixed products have decreased by up to 0.11%

Specialist lender West One has introduced a range of cuts on both first charge residential mortgages and buy-to-let deals.

For residential mortgages, two-year fixed rates have been cut by up to 30bps (starting from 5.69%); a 15bps cut has been made on five-year fixed rates below 85% LTV (starting from 5.74%)

The lender has introduced a remortgage £1,000 cashback product offering five-year fixed rates with a minimum loan size of £75,000.

West One has also introduced a new Extension of Valuation Refund Product with two or five-year fixed rates available across all LTVs and product ranges.

West One’s first charge BTL range has also seen a reduction of up to 60bps on two-year and five-year fixed rate products (starting from 1.69%).