BM Solutions and Halifax for Intermediaries have announced rate changes.

BM Solutions has cut rates by as much as 16 basis points on purchase and remortgage products for two- and five-year buy-to-let (BTL) products.

A five-year purchase fixed with a maximum loan-to-value (LTV) of 75% and a 1% fee has been lowered by 16bps to 4.40%. It is available between £150k to £1m.

A two-year remortgage fixed with a maximum LTV of 75% and no fee has been cut by 15bps to 4.66%. It is available between £25k and £1m.

Meanwhile, Halifax for Intermediaries has reduced homebuyer rates by as much as 10bps.

A five-year homebuyer fixed with a maximum LTV of 80% and no fee has been lowered by 10bps to 4.38%. It is available between £25k and £2m.

Elsewhere, Allica Bank enhanced its commercial mortgage and specialist BTL proposition.

The bank has cut all its owner-occupied and semi-commercial investment mortgage rates by 0.25%.

Allica has also cut its specialist BTL offering by 0.10%, which was launched earlier this year.

The bank has also announced it will offer a special 0.25% discount for any business that opens a business current account alongside a commercial owner-occupied mortgage.

Allica has reduced the stress rate it uses to assess base rate linked loans to 1%, and debt service cover (DSC) requirements for semi-commercial mortgages to 120%.

Allica Bank chief commercial officer Nick Baker says: “By reducing our pricing and affordability requirements, we hope we can support even more businesses achieve their growth plans with the speed and human expertise Allica has become known for within our broker community.”

“I’m pleased, too, to introduce this discount for business owners that also open a bank account with Allica, as we look to support established businesses in even more ways than just lending.”

Last week, Allica Bank launched two bridge-to-term products that run for up to seven years.