The lender has launched a £400 cashback incentive across its entire residential product range.

Nationwide has reduced rates by up to 0.30%, offering sub-4% first-time buyer rates for first time since September 2024.

The lender has reduced two, three and five year fixed rates by up to 0.17%.

The Society has reduced two-year fixed rates ahead of this week's MPC meeting.

Expat buy-to-let products have seen the largest reductions.

Residential, buy-to-let, and the newly launched limited company buy-to-let rates are all benefitting from a reduction.

This is the first time all purchase and first-time buyer rates have been under 5% since 2022.

The lender is reducing all two-year fixed mortgage products by 15 basis points.

Keystone Property Finance has reduced rates by up to 10 basis points.

The largest reductions are to 95% LTV rates.