This includes two-year fixes between 80 to 95 per cent loan to value (LTV), either fee-free or with fees of £1,499. These have been reduced by up to 0.26 per cent and rates now range from 1.65 per cent for a mortgage with a £1,499 at 80 per cent LTV. 

The fee-free 95 per cent LTV product has a rate of 3.87 per cent. 

Two-year fixed professional mortgages for those in vocations such as veterinarians, solicitors and pharmacists have also seen reductions of up to 0.26 per cent. Five-year fixes for professionals have been cut by up to 0.16 per cent. 

Across product switches, rates have been reduced by up to 0.26 per cent for two-year fixed residential mortgages. Rates now begin from 0.95 per cent for a 60 per cent LTV product with a £1,249 fee.

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Three and five-year fixed product transfers have had cuts of up to 0.14 per cent. 

Changes are effective from today.