The likes of Barclays, Hodge, Perenna, Spring Foundation and Buy to Let Foundation have today announced a range of rate cuts.
Multiple residential products are set to be cut by Barclays on Friday, by up to 33 basis points.
This includes changes to a five-year fix for purchase at 75% LTV which is down from 4.57% to 4.24% with no fee.
Barclays is also cutting the rate on a two-year fixed for remortgage at 60% LTV, which is down from 5.01% to 4.7% with a £999 fee.
Elsewhere, Perenna has cut rates on its retirement and residential purchase interest only deals by up to 59bps.
The lender’s 40-year fixed rate product at 95% LTV has been reduced by 34bps to 6.61% with a £1,999 fee and an early repayment charge in place or the first five years.
Its RIO remortgage deals will now start at 5.88% for 60% LTV loan with a £1,999 fee.
Rates across a selection of its 50+ and RIO mortgages will also be reduced by Hodge.
This includes cuts to its five-year fixed RIO Mortgage at 75% LTV, which changes from 6.25% to 5.99% with a £995 fee.
Buy to Let by Foundation is cutting rats by 15bps on its F1 ranges for borrowers with an almost-clean credit history. This is also being applied to its F2 range for borrowers with small marks on their credit file or for anyone buying non-standard properties.
Rates have also been cut by the lender by up to 10bps on its pound-for-pound F1 and F2 remortgage products, which will now start from 6.64% with a 1.5% fee.
Finally, Spring Finance is reducing rates on its semi-commercial, commercial and residential bridging loans.
This means second charge residential lending, commercial and semi-commercial will start from 1.04% and first charge from 0.89% per month.
