"Santander has watched on as multiple other lenders cut rates throughout the week and then trumped them all instantly. This launch of a sub-4% 2-year fixed rate is a landmark moment. Aggressive pricing will only intensify competition in the High Street over the coming months as they all scramble for market share."

"The level of rate cut is important and TSB are not holding back, potentially forcing the hands of other lenders in their quest for a strong end to 2024."

"There are some good reductions for buy-to-let landlords. The improved affordability will be welcome for those with tight rental calculations or looking to borrow more."

"This is another hugely positive move by NatWest and just adds to the ongoing momentum in the mortgage market," said Justin Moy of EHF Mortgages, speaking to the Newspage news agency.

"There is definitely an air of optimism among borrowers. Transaction numbers are steadily increasing and much of that pent-up demand is starting to make its move, with more property available to buy."

"There is definitely an air of optimism among borrowers. Transaction numbers are steadily increasing and much of that pent-up demand is starting to make its move, with more property available to buy."

"There is definitely an air of optimism among borrowers. Transaction numbers are steadily increasing and much of that pent-up demand is starting to make its move, with more property available to buy."

"There is definitely an air of optimism among borrowers. Transaction numbers are steadily increasing and much of that pent-up demand is starting to make its move, with more property available to buy."

And Justin Moy, managing director at EHF Mortgages, said: 'It's very evident that landlords in particular are reading the potential impact of increased capital gains tax. 'We have four buy-to-let remortgages that have been cancelled as the landlord has decided to sell purely due to this threat.' He said the firm also helps to let a few properties and prospective tenants are having to move because landlords have served Section 21 notices on their current homes which are used to evict tenants. Mr Moy added: 'One three-bedroom property we manage in Braintree had in excess of 50 enquiries in just one day. The vast majority made mention of their landlord selling, hence their need to move.'

Justin Moy, Managing Director at EHF Mortgages, said the scheme is similar to an offer from the Nationwide called "Helping Hands". He added: "It's important lenders look at new ways to help homebuyers, especially where there is surplus income that can be used, and not putting borrowers at risk of default."