Foundation Home Loans is increasing rates on a number of fixed rate products on Thursday by 5 basis points.

The buy-to-let lender is withdrawing its two and five-year fixes at up to 75 per cent loan-to-value from its F1 range at close of business tomorrow.

Brokers will have until 7pm on Wednesday to submit decision in principle applications.

Meanwhile another buy-to-let lender, Zephyr, announced rate cuts yesterday.

Its two-year fixed at 75 per cent LTV reduced from 3.49 to 3.44 per cent with a 1.5 per cent fee and from 4.24 per cent to 4.19 per cent without.

Its five-year fixes now start from 3.44 per cent, down from 3.49 per cent at 60 per cent LTV with a 1.5 per cent fee.

At 75 per cent LTV, its five-year fixes now start at 3.69 per cent down from 3.74 per cent with a 1.5 per cent fee.

Fee free options are available in each LTV tier.