Leek Building Society, Precise Mortgages and Rely are cutting rates across several ranges by up to 49bps.

Leek is cutting rates by up to 20bps on its residential 95% LTV range, with the same cuts applying to its limited company buy-to-let range and holiday let homeloans.

The lender will trim shared ownership rates by up to 18bps.

The new rates will go live at 8.30am on 13 April.

Precise Mortgages is making cuts across its residential range, and bringing back lighter adverse and lower-LTV products.

Precise will cut its residential two-year fix by 49bps to 5.42% and its one-year fix by 40bps to 5.38%. The lender’s five-year residential fix will start from 5.54%, a reduction of 36bps.

Rely said it would be withdrawing its current range and relaunching a new one, with lower rates across all products, from 9am on 13 April.

Average two- and five-year fixed rates remain unchanged from 6 April, at 5.9% and 5.78% respectively, according to Moneyfacts.