HSBC has lowered rates on first-time buyer, home mover, residential remortgage and buy-to-let remortgage deals today.

Its biggest reduction of 10bps is on a two-year fixed for purchase at 85% LTV (no fee), which is down to 4.77% with £250 cashback, increasing to £600 for energy efficient home.

At Principality, some of the biggest reductions will be on residential deals, including some at higher loan-to-values.

Five-year fixed rates at 80% LTV products will fall by up to 50bps and at 85% LTV, they will drop by up to 46bps.

Also for residential borrowers, two-year fixed 80% and 85% LTV products are set to be dropped by up to 44bps.

There are plenty of other reductions, including lower LTV tiers, joint borrower sole proprietor deals, one-year self-employed options and new build mortgages.

At Kensington, today’s rate cuts apply across the lender’s buy-to-let range, including Prime, Prime eKo, core, houses in multiple occupation (HMOs) and multi-unit blocks (MUBs).

Within the Prime range, two-year fixed rates at 75% LTV now start from 3.49% with a 5% fee.

Alternative options are available from 4.14% with a 3% fee and 5.63% with no fee.

Five-year fixed rates at 75% LTV now start from 4.59% with a 5% fee.

Further options are available from 4.82% with a 3% fee, 5.12% with a £4,000 fee, 5.22% with a £1,499 fee and 5.34% with no fee.

Kensington has also reduced rates across its Prime HMO and MUB range, which is available in England, Scotland and Wales.

Five-year fixed rates at 75% LTV are now available from 4.84% with a 5% fee and 5.09% with a 3% fee.

The lender has also cut rates across its Prime eKo range.

Available on properties with an EPC rating of A, B or C, Prime eKo products are priced 5bps below equivalent Prime products.

Commercial director Andy Bickers says: “These latest changes to our BTL range strengthen our proposition across a broad range of landlord needs, from standard investment properties through to HMOs and MUBs.

“Competitive rates are only part of the picture, however.

“Brokers also need confidence that cases will be handled quickly and efficiently.

“That’s why Kensington continues to prioritise providing market-leading broker support, with brokers able to reach one of our desk BDMs in under a minute on average.

“Once a case is submitted, every broker is supported by a dedicated mandated underwriter who contacts them directly and remains a consistent point of contact throughout the application process, helping cases to progress as smoothly and quickly as possible.

“Our focus remains on making Kensington a lender that brokers can rely on, whether that’s through competitive pricing, specialist expertise or responsive support.

“By combining all three, we’re helping brokers secure the right solutions for landlord clients and progress cases with confidence.”