The number of ‘sales subject to contract’ increased by an enormous 23% in Q3 24 compared with the same period last year, data from TwentyEA has shown.

‘First-time buyer’ searches grew by 9.1% in September, following an increase of 5.4% in August.

Fleet has cut rates by 20 basis points on its existing five-year fixed rate products with a 3% fee.

The latest round of cuts from the lender follow reductions on residential and buy-to-let rates announced in August.

Accord Mortgages is reducing rates on its buy-to-let product range, by up to 0.2% across all loan-to-values up to 75%.

Danny Belton, Head of Lending at Mortgage Advice Bureau, outlines what people should be considering now rates have started to be cut.

The rate cuts include reductions across the lender's residential, right-to-buy, and deposit unlock ranges.

The rate reductions follow a steady increase in demand for two-year products

Fixed rates now start from 4.35% for UK residents, 4.99% for Expats, and 5.99% for Non-UK residents.

The lender's BTL Core Range and Portfolio Multi-Loan have seen their rates reduce by 0.20% as of today.