Santander, NatWest, Nottingham Building Society, Molo and Fleet have joined the latest round of price cuts with some rates falling by up to 22 basis points.

It follows news yesterday that Barclays would be lowering rates by up to 40bps today.

NatWest is making cuts of up to 20bps tomorrow, however it is also making one major increase of 43bps on a buy-to-let deal.

Selected two-year fixed residential remortgage rates at 60% LTV will fall by 20bps, including products with £995 and £1,495 fees, while Green, High Value and Help to Buy Shared Equity remortgage products will also be cut by up to 20bps.

Selected residential purchase rates will decrease by up to 17bps, while first-time buyer rates will fall by up to 12bps, with £250 cashback retained on the affected first-time buyer products.

On buy-to-let, selected remortgage rates will be reduced by up to 15bps, but a two-year fixed purchase product at 75% LTV with a £3,999 fee will rise by 43bps, from 4.16% to 4.59%.

Existing customer further advance rates will also fall by up to 11bps.

Santander’s biggest reduction will apply to a two-year fixed remortgage at 60% LTV with a £999 fee, which will fall by 20 basis points (bps), from 5.12% to 4.92%.

A two-year fixed remortgage at 75% LTV with no fee will decrease by 16bps, from 5.53% to 5.37%.

Two-year fixed remortgages at 60% LTV with no fee will be cut by 15bps, from 5.40% to 5.25%.

Five-year fixed remortgage rates at 60% LTV with £1,499 and £999 fees will also fall by 15bps, to 4.95% and 4.97% respectively.

At 75% LTV, selected two and five year fixed remortgage rates will reduce by up to 14bps, including the two-year fix with a £999 fee, which will fall from 5.24% to 5.10%.

Santander will also cut all of its listed buy-to-let remortgage rates at 60%, 65% and 75% LTV by 10bps, with two and five year fixes starting from 5.03%.

Home mover rates will fall by up to 5bps, while first-time buyer rates will be reduced by up to 4bps.

Product transfer reductions are smaller, with selected two and three year fixed rates cut by up to 5bps and five and seven year fixes by up to 4bps.

Nottingham Building Society will cut selected new business and retention rates by up to 22bps on Thursday.

The reductions will apply across residential, standard buy-to-let, limited company buy-to-let and retirement interest-only ranges.

They will also apply to selected Foreign National, Life Happens and Make it Possible new business products.

Fleet Mortgages has cut selected five-year fixed rates at 75% LTV by 20bps. today

The reductions apply to products with 3% and 5% fees across its standard, limited company and houses in multiple occupation and multi-unit freehold block ranges.

Five-year fixed product transfer rates across the same ranges have also fallen by 20bps.

Molo has cut selected standard buy-to-let rates by up to 10bps.

Two-year fixed rates now start from 3.60%, while five-year fixes start from 5.30%.

Vida will withdraw its new business and product transfer ranges at 5pm today before launching a new range of fixed-rate products on Thursday.