Lenders Leeds Building Society, Coventry for Intermediaries and MPowered Mortgages have all announced reductions to their mortgage rates today.

Leeds has reduced rates on 26 products across its shared ownership and five-year fixed term products.

New products include a shared ownership deal fixed for two-years at 5.99% and a five-year fix to 95% LTV at 5.86%.

Meanwhile, Coventry for Intermediaries has cut residential rates across its two-, three- and five- year fixes by up to 45bps and buy-to-let deals by up to 28bps.

Highlights include a remortgage fixed to 28 February 2026 at 5.90% with a £999 fee.

MPowered Mortgages has also dropped rates, cutting deals across all three-year fixes and select two year products by up to 0.05%.

The lender has also introduced a range of 90% LTV products for first-time buyers with two, three and five year fixes available.

All applications come with a free valuation and for a limited time £500 cashback is available on purchases, with £1,000 cashback for remortgages.