Lloyds and Halifax are reducing rates across homemover, first-time buyer, remortgage, product transfer and further advance mortgage ranges from Monday 8 June.
The lenders said rates will fall by up to 0.10 percentage points across all two-year, three-year and five-year homemover and first-time buyer products.
Remortgage rates will also be reduced by up to 0.10 percentage points across all two-year, three-year and five-year products.
Product transfer and further advance rates will be cut by up to 0.07 percentage points across all two-year, three-year and five-year products.
Amanda Bryden, head of mortgages, said: “We understand that both home movers and remortgage customers have seen rates rise on the back of global events. As we see a period of calm and rates ease, hopefully it will give people in the market for a mortgage some confidence.”:
