Related topic: Mortgage rates

The lender says it has made 'significant cuts' to a number of two-year fixed rate products.

The Bank has also introduced new fee options for 95% LTV products.

All Landbay’s Premier products continue to feature variable fee options – from zero up to 5%.

Rates across Foundation's buy-to-let lending proposition have reduced by up to 0.25%.

The majority of the rate reductions are to higher-LTV mortgage rates.

Rates have reduced by up to 0.11% across standard and limited company products.

The lender is also extending product end dates to 31st October.

The lender has also launched new 90% and 95% LTV products.

The typical household will see payments rise by around £540 a year, however, a number of households are projected to see a significant increase in repayments.

The new round of reductions will benefit both new and existing customers.