Hinckley & Rugby for Intermediaries has reduced interest rates across its entire mortgage offering.
The lender has implemented discounts of between 0.20% and 0.30% on selected products, including the two-year discount range.
Among the highlights, Hinckley & Rugby has reduced its two-year discount product with an 80% loan-to-value (LTV) from 4.80% to 4.50%, the largest discount in the core range.
For buy-to-let (BTL), the two-year fixed product rate at 75% LTV has been reduced from 5.55% to 5.35% and the two-year discount product Income Flex at 80% LTV has been reduced from 4.94% to 4.74%.
Laura Sneddon, head of sales at Hinckley & Rugby for Intermediaries, said: “Agents and their clients operate in a highly competitive market, and it is important that we continue to respond quickly to changes in prices and demand.”
“These latest rate cuts are about supporting brokers placing business today, and they follow closely on the heels of our recent move to increase Income Flex loans to 95% LTV. Together, these changes demonstrate our clear focus on supporting brokers with both flexible criteria and competitive rates.”
Elsewhere, Leeds Building Society has cut prices by up to 0.34%.
As part of the reductions, selected companies’ fixed BTL rates have been reduced by up to 0.34%.
The association has also launched new residential Bank of England Base Rate Tracker rates.
In addition, selected residential rates have been withdrawn.
For existing customers, Leeds has reduced selected companies’ fixed BTL rates by as much as 0.34%.
Meanwhile, Coventry has also reduced rates for intermediaries.
For new borrowers, the lender has reduced all fixed residential purchase rates to 90% LTV, with the exception of the three-year interest rate with a fee.
It has also reduced all fixed residential purchase rates to a 95% LTV.
For existing borrowers, all fixed interest rates for residential properties from 90%, with the exception of the three-year interest rate with a fee, and all fixed interest rates for residential properties from 95% to 100% LTV have been reduced.