From 8th June, reductions of up to 0.10% will apply to all 2-, 3- and 5-year products for home movers, FTBs and remortgage customers.
Lloyds and Halifax will cut rates on their mortgage product range from next week, 8th June.
Reductions of up to 0.10% will apply to all 2-, 3- and 5-year products for home movers, first-time buyers (FTBs) and remortgage customers.
Product transfer and further advance rates will drop by up to 0.07%.
Amanda Bryden, head of mortgages at Lloyds, 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.”