Related topic: Mortgage rates

The bank is also introducing a new range of large loan products.

The green range will now offer £500 cashback and is available across all Foundation's credit tiers for the first time. 

The Society has reduced core two-year and three-year products to support first-time buyers and remortgage customers.

The Society has introduced new sub-4% residential rates.

New business and switcher rates now start from 2.64%.

The Society's entire buy-to-let product range is now available up to a maximum of 75% LTV.

Virgin has introduced several sub-4% mortgage rates after the latest round of reductions.

Nationwide is now offering sub-4% rates to all borrower types.

Rates have reduced by 0.15%.

It has been over a month since the rate last fell below 5%. Before then, the rate had not dipped below 5% since September 2022.