PEXA aims to deliver easier, faster and safer property transactions in the UK.

The largest reductions are to 95% LTV rates.

The specialist lender’s residential rates for cases up to £2m now start from 5.19%.

Shared ownership rates have seen the largest reductions.

The lender has also trimmed purchase rates by up to 0.09%.

Rates have reduced by up to 0.20%.

YBS has also reduced rates by 0.20% on its semi-commercial product.

Brokers stated that 'there are some estate agencies where conditional selling is almost standard practice'.

The changes to Accord's stress rates will allow it to offer bigger mortgages to more borrowers.

Brokers are reporting a surge in clients with challenging credit histories.