Hinckley & Rugby for Intermediaries has made cuts of up of 35 bps across its entire mortgage product range. As a result, its core residential two- and five-year rates now start from 5.55% at up to 90% LTV. Its buy-to-let (BTL) retention five-year fix has been reduced by 10 bps, with rates starting from 5.39% at up to 75% LTV, while its two- and five-year visa fixes now start from 5.89% at 90% LTV. In addition to these rate reductions, the firm has removed the £199 application fee from its core residential products.

Darlington Building Society has launched a refreshed range of two-year BTL products, including a remortgage deal for landlords starting from 4.54%. Across the society’s two-year fixed BTL range, its two-year fix starts from 4.79%, while its holiday let and expat products are both available from 5.19%. The new remortgage product features a flat fee of £2,499 instead of a percentage based fee, which can offer a lower overall cost when loan amounts are higher.

MPowered Mortgages has cut its three-year rates, despite a background of rising swap rates. For new purchase customers, three-year fixes for customers paying a 35% deposit have been cut by 3.93%, with a £999 fee. Rates start at 4.25% at 80% LTV with a £999 fee and three-year fixes for remortgage customers have been cut across most LTV bands. The new rates will be effective from 2 June.

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