A host of lenders have announced rate cuts today including Barclays, Perenna, Hodge, Buy to Let by Foundation and Spring Finance.

Barclays is cutting rates across multiple residential products on Friday, by as much as 33 basis points.

The cuts include a five-year fix for purchase at 75% LTV which is down from 4.57% to 4.24% with no fee.

Barclays is also cutting the rate on a two-year fixed for remortgage at 60% LTV which is down from 5.01% to 4.7% with a £999 fee, among many other reductions.

Perenna has cut rates on its residential purchase and retirement interest only deals by up to 59 basis points.

Its 40-year fixed rate product at 95% LTV has been reduced by 34 basis points to 6.61% with a £1,999 fee and an early repayment charge in place for the first five years only.

The lender’s RIO remortgage deals now start at 5.88% for a 60% LTV loan with a £1,999 fee.

Meanwhile, Hodge is reducing rates across a selection of its 50+ and RIO mortgages.

Among the biggest price cuts is to its five-year fixed RIO Mortgage at 75% LTV, which is down from 6.25% to 5.99% with a £995 fee.  

Buy to Let by Foundation has cut rates by 15 basis points on its F1 range for borrowers with an almost-clean credit history and its F2 range for clients with blips on their credit file or those buying non-standard properties.

Rates on these deals now start from 6.49% with a 1.5% fee.

The lender has also cut rates by up to 10 bps on its pound-for-pound F1 and F2 remortgage products, which now start from 6.64% with a 1.5% fee.

Bridging lender Spring Finance has reduced rates on its residential, semi-commercial and commercial bridging loans. 

First charge residential bridging finance is now available from 0.89% per month and second charge residential lending, commercial and semi-commercial from 1.04%.