Lendinvest Mormages has reduced rates across its core residential and By-TL mortgage product line, but TSB has reintroduced its five-year fixed first-time buyer and home mover products.
Lendinvest has reduced 10 basis points for its core residential products.
These products are targeted by a variety of borrowers, including those who may not meet traditional high street lending standards.
The lender also reduced 15bps with 5- and 7-year fixed-rate BTL loans.
Additionally, lenders have introduced a 5-year fixed-rate product at 70% LTV. It is designed to support real estate investors in achieving investment goals.
Sophie Kettle, commercial director at Lendinvest, said: “These rate reductions across both the housing and BTL product ranges demonstrate Lendinvest's commitment to providing competitive, flexible mortgage solutions.”
“We understand the diverse needs of borrowers and strive to provide products that cater to a wide range of situations, from first-time home buyers to experienced real estate investors.”
Elsewhere, TSB reintroduced 95% LTV products from 90% fixed first buyer and home mover for five years, starting cashback with rates of 5.39% and £500.
TSB also reduced home fees by up to 0.15%. The 75% LTV has been reduced by 0.15% from the 0% fixed rimmot in 2 years, while the 75% LTV has been reduced by 0% from the 0% for the 5-year fixed rimmot.
LTV rates from 0% to 75% to 2 years fixed first buyers and home movers have been reduced by up to 0.10%.
The LTV rates from 90% to 95% fixed first buyers and home travel for two years were also reduced by up to 0.10%.