Foundation Home Loans and Leeds Building Society are the latest lenders to trim mortgage rates this week.

Leeds is cutting rates by up to 11 basis points on residential fixed rates tomorrow, but has yet to reveal any more specific details of the cuts.

Foundation has lowered rates by up to 10bps on a number of deals today and has introduced a limited edition two-year fix.

Its new product sits within its F1 range, aimed at borrowers who fall just outside mainstream criteria.

The deal is fixed for two years at 5.24% with a £2,995 fee and is available up to 75% loan-to-value.Alongside the new product, Foundation has made the following rate reductions:

In its F1 Specials range, two and five-year fixes have come down by 10bps up to 75% LTV, with rates now starting from 3.79%.

In its F1 Expat Special range two-year fixed rates have been lowered by 10bps up to 75% LTV, with rates now starting from 4.09%.

In its F2 houses in multiple occupation (HMO) Specials range, two and five-year fixed rates have dropped by 10bps up to 75% LTV and now start from 4.34%.

In its F2 multi-unit freehold block (MUFB) Specials (up to a maximum of six units), five-year fixes have reduced by 10bps up to 75% LTV, with rates now starting from 5.29%.