Halifax and BM Solutions have announced another round of rate cuts on Monday after trimming prices at the start of this week.

It comes as Moneyfacts revealed average two, three and five-year fixed rates continued to fall this week.

At Halifax, home mover and first-time buyers all two, three and five-year fixes will drop by up to 10bps.

For remortgage borrowers, two, three and five-year fixed rates will also reduce by up to 10bps.

Product transfer and further advance rates will also be lowered by up to 7bps.

At the same time, BM Solutions is making cuts of up to 10bps on buy-to-let deals in personal ownership and let-to-buy

Limited company buy-to-let products will reduce by up to 10bps.

BM’s product transfer and further advances will fall by up to 11bps.