Research from the firm suggested Royal Bank of Scotland and NatWest, both part of the Government-owned RBS Group, were the most competitive mortgage lenders over the three months to the end of August.

Evaluate Technologies ranked mortgage deals across all product categories and the lender with the most points is ranked as offering good value. Each time a lender appeared in the top 10 in the three months from 1 June, they were awarded a point.

HSBC, which is not owned by the Government, was in second place, although its position does not take account of the 1.99% tracker deal it launched at the start of September. First Direct came in third place with Britannia Building Society, Woolwich and Abbey also performing well.

Regional building societies were also competitive with Coventry, Furness, Leeds and Yorkshire Building Societies all scoring in the top 20.

Julie Speed, national accounts director at Evaluate, said it is encouraging the Government bailed-out banks were at the top of the most competitive lists.

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“RBS and NatWest are clearly leading the way, particularly when it comes to Britain’s bailed-out banks, as most of them failed to make the best buy list. HSBC’s drive to capture the super-prime market has seen the lender score well with their competitive range which has been strengthened even further with a 1.99% tracker.”