Several leading buy to let lenders have announced new deals, trimmed fees or cut interest rates in the past few days.
BM Solutions, the buy to let lending arm of Lloyds Bank and one of the big players in the market has introduced a pair of new two-year loans.
The rates range down from 2.19% for a fixed rate mortgage to 2.09% for a tracker.
Both are offered to buy to let purchasers and remortgages.
They come with a 2.5% arrangement fee. Minimum borrowing is £25,001, while the maximum is £1 million.
Phil Rickards, head of BM Solutions, said: “I am pleased that we are able to expand our range.
“The added benefit of these particular products provides brokers and their clients with even more options.”
Virgin Money has cut rates across fixed and tracker buy to let mortgages by up to 0.50%.
The lender’s three-year fixed rate on loans up to 60% loan-to-value with a fee of £995 drop to 4.09%.
A five-year fixed rate loan sees a cut of 0.21% to 4.54% for loans up to 70% loan-to-value with a fee of £955.
Two-year trackers are trimmed by 0.15% to 3.09% for loans up to 60% loan-to-value with a £995 fee.
Peter Rogerson, savings and mortgages director, said: “Buy-to-let remains a key market for Virgin Money and we’re delighted to announce these rate reductions while retaining our offer of £500 cash back across the entire buy-to-let range.”
Leeds Building Society has cut fees on buy-to-let mortgages.
The society offers a 2-year fixed-rate buy-to-let mortgage at 3.24% and a two-year tracker at 2.84%, each with a £199 fee.
Both loans are offered at up to 60% loan-to-value and come with a free standard valuation worth up to £335 and free in-house legal fees for remortgages.
Martin Richardson, general manager at Leeds Building Society, said: “We’re pleased to have been able to reduce the product fees on these competitive mortgages.
“In addition to the assisted fees, benefits including free valuation and legal services will bring down the upfront costs of the deal even further.”