NatWest, Landbay and Molo have announced rate cuts, as have a number of other lenders this week.
NatWest has introduced rate reductions across its existing customer product range from July 9, but no further details have been announced.
Meanwhile, Landbay has made further cuts of 5 basis points across 18 Premier products.
The 18 products have a five-year fixed rate, available up to 75% loan-to-value (LTV), for both purchase and remortgage, including both AVM and product transfer options.
Premier is a range of standard and HMO products for borrowers with up to 15 mortgaged properties, available to both individual and corporate landlords.
The reduced rates are applied to five-year fixed interest rates without costs and are available at 5.4% and from 4.4% no costs are available.
Remortgage AVM five-year fixes with a 1% fee are now available at 5.2% and 5% fee at 4.4%, while remortgage-free five-year fixes with zero fees are now available at 5.44% and 5% fee at 4.44%.
Five-year product transfer fixes at a 1% rate are now available at a rate of 5.29% and a 5% rate at a rate of 4.49%
Rob Stanton, Landbay sales and distribution director, said: “Finance terms and prices have continued to improve in recent weeks and as a result we were keen to pass these on to our product prices.”
“While markets may continue to move rapidly in either direction, the current environment has once again provided us with the opportunity to reduce rates across a significant portion of our Premier range, building on the changes we made to the Premier range last month, but also building on our recent new product launches.”
Yesterday, Landbay announced the launch of a two-year tracker product transfer option within Premierwithout ERCs, and available up to 75% LTV. A 3% fee is charged and the price is based on the basic bank rate plus 0.44%.
Elsewhere, Molo has cut rates by 10 basis points on its UK two- and five-year buy-to-let (BTL) housing offering.
Two-year fixed rates for standard BTL products now start at 2.85% at 75% LTV, while five-year fixed rates are available from 4.55%.
The reduced rates are available to both private individuals and corporate landlords.
Molo distribution director Martin Sims says: “As market conditions continue to evolve, we remain committed to ensuring our prices remain competitive.”
“These discounts keep our buy-to-let products attractive to landlords, while retaining the flexibility and specialist knowledge that agents have come to demand from Molo.”