Foundation Home Loans has refreshed its buy-to-let (BTL) ‘specials’ product range, with rate reductions of up to 0.15% The intermediary-only specialist lender has lowered rates on its five-year F1 portfolio landlord-only fixed rate special by 0.15%. Rates now start at 5.84% at 65% LTV and 5.94% at 75% LTV, including a free valuation, no application fee and a 5% arrangement fee. Cuts have also been made to Foundation’s two-year F1 and F2 fixed rate BTL specials by up to 0.10%, with rates now starting from 5.99%. The lender has also cut rates on its standard F2 HMO fixed rate specials range have been reduced by 0.10, with two- and five-year rates starting at 6.19% and 6.54% respectively.

Atom bank has made further rate reductions to its prime and near prime mortgage products by up to 0.20%, making it the sixth prime rate cut that the bank has made since August this year. Rates on its two-year prime products have been cut by 0.20%, with three- and five-year rates being cut by 0.1% and 0.15% respectively. On its near prime range, 60% LTV rates have been reduced by 0.15%, with products at 85% LTV being cut by 0.20%. Atom bank has said that these reductions aim to help a range of borrowers, particularly those with smaller deposits.

Vida has introduced a seven-year fixed rate to their residential range at 90% LTV. The product, which has been launched for both purchase and remortgage customers in an effort to expand its product range. Rates start from 7.49% with a £995 fee, and 7.69% for the fee saver product, which has no product fee or assessment fee and a free valuation. Vida has also launched a new two-year BTL product, which is available at up to 65% LTV and at an initial rate of 6.65%, and is available on Vida 36 for individual units, HMOs and MUBs and comes with a fixed fee of 2%.

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