Leeds Building Society, Accord, CHL and Furness are all cutting mortgage rates this week.

Leeds is making the most substantial reductions of up to 40 basis points tomorrow, while Accord is trimming up to 6bps off 90% LTV deals.

CHL has cut rates by up to 15bps today and launched deals for short-term lets.

Furness has cut up to 16bps off some deals, including at 90% LTV.

Leeds biggest price cuts will be on residential fixed rates, some of which will fall by 40 bps, while its income plus deals will reduce by up to 30bps.

Selected interest only, retirement interest-only and shared ownership rates will fall by up to 20 bps and buy-to-let deals by up to 14bps.

CHL has lowered rates by up to 15bps on selected limited edition buy-to-let range and launched seven new products for short-term lets within its buy-to-let range including some with a free valuation and no product fee.

Rates now start from 2.56% for single dwelling properties or 2.6% for houses in multiple occupation and multi-unit freehold blocks.

Accord is dropping rates on some of its 90% LTV deals, including a two-year fixed for house purchase which will fall from 4.07% to 4.01% with a £1,495 fee and free standard valuation.

A three-year fixed rate for remortgage, also at 90% LTV, will come down from 4.5% to 4.44% with a £495 fee, free standard valuation and a choice of either free legal work or £500 cashback.

A five-year fixed rate for purchase will reduce from 4.6% to 4.55% with a £495 fee, £300 cashback and free standard valuation.

Furness Building Society has cut rates across its range today, including a reduction of 16bps to a two-year fixed at 90% LTV, which has come down from 4.55% to 4.39% with a £999 fee.

Accord mortgage product manager Gemma Hyland says: “We’re delighted to announce a further lowering of our mortgage rates across the majority of our range – the latest example of how we are doing our best to pass on additional value to our brokers and their customers wherever possible.”

HSBC, Halifax, Barclays and Skipton have already announced rate cuts in recent days.