Barclays cut rates by up to 66bps across its residential purchase and remortgage ranges, with the steepest reductions on purchase-only products, including a fee-free two-year fixed rate at 90% LTV falling from 5.45% to 4.79% and its Green Home equivalent dropping from 5.35% to 4.69%, while remortgage two-year fixed rates at 60% LTV fell by 15 basis points and selected Reward range products for existing customers were trimmed by up to 11 basis points.
BM Solutions reduced mortgage rates by up to 15bps across its two-, three- and five-year fixed-rate purchase and remortgage products, and by up to 10bps on two- and five-year fixed rates for limited company buy-to-let purchase and remortgage deals.
Coventry for intermediaries implemented a mixed round of rate changes across its residential and buy-to-let mortgage ranges, raising two- and five-year fixed purchase and remortgage rates for most new and existing residential borrowers while cutting five-year fixed interest-only remortgage rates and reducing fixed rates across its buy-to-let and limited company buy-to-let products for both new and existing borrowers.
Foundation cut buy-to-let mortgage rates by up to 25bps across its F1 standard, HMO, MUFB, short-term and holiday let, expat, and Property Plus product ranges, while also lowering its minimum buy-to-let property value to £70,000, with a 75% maximum LTV applied to properties valued between £70,000 and £75,000.
GB Bank slashed its 65% LTV buy-to-let core range rates by 30bps across its two-, three- and five-year fixed-rate products, with refreshed rates starting from 4.39% on a two-year fix with a 5% fee, 4.77% on a three-year fix, and 5.53% on a five-year fix.