Speculation is growing that a rate cut may not happen until September.

The society has cut rates by up to 0.20 percentage points across a raft of its mortgage products.

The three new products come alongside a repricing of residential mortgages.

The society has announced a number of rate reductions as well as withdrawing two 3-year products as it continues to adapt its offering to market demand.

Tom Bill, head of UK residential research at Knight Frank, looks at the likely impact felt by borrowers coming off fixed-rate deals agreed some time ago on better terms.

Interest rates have been held by the Bank of England at 5.25% since August 2023, with predictions mounting that they will finally begin to fall later this year.

The lender has announced fresh rate reductions and new products across their residential mortgage range, furthering their support for brokers to help customers navigate affordability...

Swap rates have fallen for five consecutive months, indicating that lower mortgage rates on the horizon, according to Octane Capital.

The specialist buy-to-let lender has reduced its fixed rates by up to 39bps as interest rates continue to stabilise.

Landbay’s latest rate reductions are its second in just over a week as swap rates continue to fall.