Hinckley & Rugby for Intermediaries launched new buy-to-let two-year discounted products at up to 80% loan-to-value, with rates starting at 4.99%, and cut its limited-company buy-to-let two-year discounted product at 70% LTV by 40bps to 5% from 5.40%, with a £1,249 fee.
HSBC UK reduced mortgage rates by up to 30bps across its range, cutting two-year tracker mortgages at 60% and 85% LTV with a £999 fee to 4.09% and 4.44%, respectively, and lowering five-year fixed 60% LTV purchase products with a £999 fee to 4.49%, or 4.46% for Premier customers.
InterBay cut rates on selected limited-edition commercial investment and semi-commercial products, reducing its two-year fixed-term mortgage by 50bps and its five-year fixed rate by 20bps.
Leek Building Society raised prices on several fixed-rate products, with holiday let rates increasing by up to 17bps, limited company buy-to-let deals by up to 15bps, other specialist buy-to-let products by up to 10bps, shared ownership by up to 10bps and other residential deals by up to 5bps.
Mansfield Building Society increased the maximum loan-to-value on its Credit Repair Range to 75% from 70%, a five percentage-point rise, for borrowers with adverse credit characteristics including recent defaults, active IVAs and debt management plans, active CCJs, discharged bankruptcies and missed payments.