The lender’s residential products have had cuts of up to 0.10% including the two-year fixed at 65% loan-to-value (LTV) with a fee of £1,499 and the two-year fixed 75% LTV product with product fees.

Other rate reductions on residential products include five-year fixed 65% LTV products, which have been decreased by up to 0.06% and five-year fixed 75% LTV products, which have been reduced by as much as 0.08%.

Five-year fixed residential with cashback products at 65% and 75% LTV have been decreased by 0.07%.

Joint borrower sole proprietor two-year fixed 75% LTV product has been lowered by 0.13% while the five-year fixed 75% LTV product has gone down by 0.07%.

Holiday let rates have also been cut, these include two- and five-year fixed 60% LTV products with fees have been trimmed by 0.11%.

Elsewhere, TSB has reduced prices on its residential, buy-to-let, product transfer and additional borrowing products. 

Cuts on residential lines include three-year fixed house purchase products which have been reduced by up to 0.10% while the five-year fixed house purchase between 0% and 75% LTV, including shared ownership and shared equity rates have been lowered by up to 0.10%.

The BTL two- and five-year fixed house purchase rates at 0% to 75% LTV have been reduced by 0.05% and the five-year fixed remortgage products at 0% to 60% LTV have gone down by 0.05%.

The product transfer residential one-year fixed has been trimmed by 0.25%, BTL one-year fixed has also been cut by 0.25% and the BTL two-year fixed at 0% to 75% LTV has been reduced by up to 0.15%.

Finally, additional borrowing residential two-, three- and five-year fixed rates have gone down by 0.10% while BTL two-year fixed rates have been cut by up to 0.15%.

Meanwhile, HSBC has announced it will decreased its residential and BTL mortgage rates.