Benjamin Wells, head of product and development at Advise Wise, takes a look at the lifetime mortgage market, the current falling base rates, and a long term perspective for later life...

Nationwide has reduced mortgage rates by up to 0.25%.

Fleet has also reduced fees for standard and limited company borrowers.

The new rates come as part of widespread rate cuts of up to 0.20% across HSBC's residential and buy-to-let mortgage ranges.

Rates now start from 4.09%.

The bank says this is due to a recent increase in five-year market swap rates. 

Higher-LTV residential rates have seen some of the largest rate cuts.

Two-year fixed rates have reduced by 20bps and five-year fixes by between 20 and 36bps.

Mortgage and rental spending grows 2.0%, but consumer confidence remains unchanged.

The lender has reduced rates at 90% and 95% LTV.