The lender has cut rates for fourth time since the start of April.

The average two-year fix has fallen to its lowest point since the start of September 2022.

The lender has launched new sub-4% fixed rates in its residential, remortgage, green home and existing customer ranges.

The lender has also reduced rates across its residential range by up to 0.35%.

Buyers are changing their mortgage weeks before completion as brokers are approaching them with better deals.

The bank has launched new sub-4% three-year fixed rate products.

The Mortgage Works has reduced buy-to-let and limited company mortgage rates by up to 0.30%.

Rate cuts apply across the lender's first-time buyer, home mover and remortgage ranges.

The lender has reduced rates for new and existing customers looking for a new mortgage deal by up to 0.22%.

The lender has launched a £400 cashback incentive across its entire residential product range.