Post Office has reduced its five-year fix at 85% loan to value (LTV) to 2.44%, which comes with no fee and £500 cashback.
Moneyfacts.co.uk said the deal is reasonably priced and is an attractive option for borrowers “looking for a recognised brand”.
At the same time, Principality has sliced its two-year fixed rate at 90% LTV to 2.15% – the deal is fee-free and is now in Moneyfacts.co.uk best buys for first-time buyers.
It comes after Accord dropped rates on 15 mortgages, as well as increasing cashback.
And Halifax has trimmed selected five-year rates and introduced new three-year rates.
Clydesdale Bank has also cut certain fixed-rates by up to 0.3%.
Charlotte Nelson from Moneyfacts.co.uk said: “It continues to be the case that the market is competitive and lenders are still launching some decent offers to entice new borrowers ahead of prospective activity in Janauary.”