Foundation Home Loans and Leeds Building Society are the latest lenders to cut mortgage rates this week.
Leeds will cut residential fixed rates by up to 11 basis points tomorrow, but has yet to reveal any more specific details of the rate cut.
Today, Foundation has cut rates by 10 basis points on a number of deals and launched a limited edition two-year fixed rate.
Its new products belong to the F1 series, targeting borrowers who do not meet mainstream standards.
The deal comes with a two-year interest rate fixed at 5.24%, fees of £2,995 and a loan-to-value ratio of 75%. In addition to the new products, Foundation has made the following rate reductions:
Across its F1 Specials range, two- and five-year fixed rates have been cut by 10 basis points, with a maximum LTV of 75%, and rates now start from 3.79%.
Across its F1 Expat Special range, two-year fixed rates have been reduced by 10 basis points, with a maximum LTV of 75%, and rates now start from 4.09%.
Across its F2 homes in the multi-occupation (HMO) Specials range, two- and five-year fixed rates have dropped 10 basis points with a maximum LTV of 75 per cent and now start from 4.34 per cent.
In its F2 Multi-Unit Freehold Block (MUFB) Specials (up to 6 units), five-year fixed rates have been reduced by 10 basis points, with a maximum LTV of 75%, with rates now starting from 5.29%.
