Foundation Home Loans has announced rate reductions across its core and limited edition holiday let product ranges.

The specialist lender has reduced its two- and five-year fixed rate core holiday let products by 0.10%. Pricing now starts from 6.24% up to 75% LTV for a five-year fix and 6.54% up to 75% LTV for a two-year fix.

In addition, Foundation Home Loans’ limited edition five-year fixed rate holiday let product has also seen a 0.10% cut, now starting from 5.99% up to 75% LTV, and features a revised fee structure – from 2.5% to a flat fee of £7,995 – with a minimum loan size of £250,000.

These changes are designed to appeal to brokers working with landlords operating in higher-value markets, where larger loan sizes are more common.

Principality Intermediaries has also confirmed product rate changes – effective from  17 October

Mortgage rate decreases include: for residential  two-year fixed 65% LTV product (with £895 product fee) cut by 0.04%;  five-year fixed 65% LTV product (with £1395 product fee) by 0.05%;  five -year fixed 75% LTV product (with no product fee) reduced by 0.05%;  two-year fixed 85% LTV product (with no product fee) cut by 0.06%;  three-year fixed 90% LTV product cut by 0.10% and five-year fixed 90% LTV product (with no product fee) by 0.07%

For new build, five-year fixed 95% LTV Shared Ownership product cut by 0.17%; and two-year fixed 75% LTV Help to Buy (Wales) product by 0.07%.

For Joint Borrower Sole Proprietor, a five- year fixed JBSP 75% LTV product cut by 0.04%; and a two-year fixed JBSP 85% LTV product by 0.08%.

For buy to let, a five-year fixed 60% LTV product (with no product fee) cut by 0.05%; and a five-year fixed 70% LTV product (with £1395 product fee) reduced by 0.12%

For holiday let, a two-year fixed 60% LTV products cut by 0.10%; a five-year fixed 60% LTV (with no product fee) cuit by 0.12% and a five-year fixed 75% LTV product (with no product fee) reduced by 0.11%.