Rates will be reduced on TSB’s BTL two- and five-year fixed house purchase and remortgage 60% to 80% loan-to-value (LTV) (portfolio BTL 60% to 75% LTV only), by up to 0.80%.

In addition, product transfer residential two- and five-year fixed rates at 0% to 75% LTV will be lowered by up to 0.15% and residential two-year fixed rates at 75% to 85% LTV with a fee of £995 will be cut by 0.05%.

Also in the product transfer range, BTL two-year fixes between 0% and 75% LTV will be reduced by up to 0.10% and BTL five-year fixes between 0% and 60% LTV will be trimmed by 0.05%.

For additional borrowing, TSB have cut the prices on its residential two- and five-year fixes between 0% and 75% LTV by as much as 0.15%.

Also, the lender’s BTL two-year fixes between 0% and 75% LTV have been lowered by up to 0.10% while BTL five-year fixes between 0% and 60% LTV have been cut by 0.05%.

BTL, portfolio BTL, product transfer and additional borrowing end dates will be moved out to the end of October.

Meanwhile, Coventry for intermediaries has also announced further rate reductions.

Within the lender’s residential range, new borrowers will see prices lowered across its interest only two- and five-year fixed rates as well as all two-year fixes (excluding 80% LTV remortgages rates).

Other reductions will be made on three-year fixed remortgage rates at 90% LTV, five-year purchase rates across different LTVs and it is cutting all five-year first-time buyer exclusive rates at 65% to 95% LTV.

For existing borrowers, all two-year fixed rates, all three-year fixed rates at 65% to 90% LTV, five-year fixed interest only, five-year fixed rates at 65% to 85% LTV with a fee and five-year fixed rates at 90% to 95% LTV will be lowered.

The lender has also made price cuts to its BTL and limited company BTL ranges. For new borrowers, rates will be reduced on all two-year standard and portfolio BTL rates and for existing borrowers, rates will be reduced on all two-year fixes.

Elsewhere, Leek Building Society will be making price reductions on its fixed rate mortgages, effective tomorrow.

Residential five-year fixed at 90% LTV with no fee will be lowered by 0.20% to 5.33% and five-year fixes at 95% LTV with a fee of £995 will be cut from 5.46% to 5.31%.

In addition, the residential two-year fixed at 95% LTV with a fee of £995 will be 0.20% less at 5.52% and comes with £400 cashback and the five-year at 95% LTV with no fee will be reduced by 0.20% to 5.45% and has £400 cashback.

Shared ownership at 95% LTV will also be cut on two- and five-year fixes to 5.41% and 5.26% respectively.

The society will also reduce 75% LTV limited company BTL rates. These include the two- and five-year fixed with no fee down to 5.63% and 5.48% respectively and the two- and five-yea fixed with a fee of £1,495, which will be lowered to 5.31% and 5.39% respectively.

Holiday let rates at 75% LTV will be cut on two- and five-year fixes with a fee of £999 to 5.36% and 5.37% respectively.