The Mortgage Works cut rates by up to 25bps across selected buy-to-let and limited company buy-to-let switcher products for existing customers, with reductions including a five-year fixed buy-to-let rate lowered 15bps to 4.44% with a £1,495 fee at up to 65% LTV, a two-year fixed buy-to-let rate cut 10bps to 4.89% fee-free at up to 65% LTV, and a two-year fixed limited company buy-to-let rate reduced 20bps to 5.74% fee-free at up to 75% LTV.
Tipton & Coseley Building Society trimmed mortgage rates by up to 14bps across its range, introducing new products including expat buy-to-let mortgages from 5.44% for a two-year discount at 80% LTV, a fee-free residential three-year fix now at 5.99% at 90% LTV, and a retirement interest-only three-year fix reduced from 6.04% to 5.90% at 60% LTV. It also expanded its expat residential mortgage range to include 90% LTV products, adding two- and five-year fixed rates alongside a two-year discount variable rate option.
Together slashed rates across its fixed-rate product range, reducing all two-year fixed rates by 25bps and all five-year fixed rates by 10bps, with five-year fixed rates now starting from 7.70% for consumer buy-to-let first charge, 7.89% for residential first charge, 8.54% for buy-to-let first charge, and 8.99% for semi-commercial first charge.
TSB cut residential, buy-to-let, product transfer and additional borrowing rates, reducing two-, three- and five-year fixed house purchase rates by up to 20bps — with its lowest two-year fix at 60% LTV now priced at 4.39% — and trimming remortgage and additional borrowing fixed rates by up to 15bps, with the lowest remortgage rate at 60–75% LTV standing at 4.49%.
Vernon Building Society reduced rates across its entire self-build mortgage range by 15bps, with products now priced from 5.75% for borrowers up to 80% LTV, including the BuildLoan and Mayflower ranges, which offer stage-release funding of up to 85% per stage with fees from £1,999 or 0.25%, depending on the product.