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Another three lenders have slashed mortgage rates in a single day as the price war continues to intensify.

This marks a hectic end to November, which at its peak saw five lenders announce fresh rate cuts on the same day

Santander, Accord Mortgages and Norwich & Peterborough have all launched two-year fixed rates, with deals charging as little as 1.74%.

And more rate cuts could follow in December as lenders try to hit their annual targets.

Santander has launched its lowest ever two-year fixed rate mortgage charging 1.84% up to 65% loan-to-value (LTV), with a £995 fee. The deal is open exclusively to remortgage customers for a limited period only.

Additional new two and five-year rates are available to both homebuyers and remortgagers in branches, by telephone and via intermediaries.

The new deals include:

Two-year fix at 2.29% (reduced by 0.20%) to 80% LTV.

Five-year fix at 3.44% (reduced by 0.15%) to 80% LTV.

Two-year tracker at 2.04% (reduced by 0.30%) to 80% LTV.

All deals are available to homebuyers and remortgagers and have a £995 booking fee.

They also come with Santander's Homebuyer or Remortgage Solutions, offering a free valuation and £250 cashback for those buying a new home, and a free valuation and free legals or £250 cashback for remortgages.

Miguel Sard, head of Santander Mortgages, said: "We are delighted to end the year by offering some of the lowest rates available in the market."

Accord Mortgages has launched an even cheaper two-year fix charging just 1.74% to 65% LTV, with a £345 product fee. That's a cut of 0.1%.

The intermediary-only lender also offers a 1.89% two-year fix with a £345 product fee at 65% LTV, free standard valuation and £250 cash back on completion.

It has also reduced its two-year fixed rate range by up to 0.15%, with some mortgages including £250 cash back on completion and a free standard valuation.

Accord has also cut Its 75% LTV mortgage rate by 0.1%, which includes a 1.79% two-year fixed rate mortgage with a £845 product fee.

And it has cut its 85% LTV rates by 0.15%. Highlights include a 2.34% two-year fixed rate mortgage with an £845 product fee.

There are also rate reductions of 0.10% on its 90% LTV two-year fix and 0.05% on 95% LTV two-year fix.

N&P has launched a two-year fixed rate charging 2.04% to 75% LTV, with a £345 product fee and cashback on completion.

The society has also reduced rates across its mortgage range on two and five-year fixed rate mortgages.

Highlights include:

3.24% two-year fixed rate mortgage at 90% LTV with a £195 product fee

3.19% five-year fixed rate mortgage at 65% LTV, rising to 3.54% at 75% LTV and 3.94% at 85% LTV.

All three deals have a £345 product fee and £500 cashback on completion.

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