LendInvest Mortgages has cut its fixed rates across selected landlord deals, while the Co-operative Bank has reduced a range of residential and buy-to-let rates by up to 16 basis points.  

The fintech lending platform says all two-year fixed term loans come down by 10bps, with its lowest rate now starting at 3.14%. 

Among other reductions, large houses in multiple occupation, from 7 to 15 rooms, and multi-unit freehold blocks, have been trimmed by 10bps, with the lender lifting the maximum loan amount to £1.5m from £1m at 75% loan to value.   

The firm says these cuts apply to new business, product transfers and bridge-to-let financing, a type of loan where a borrower can apply for a BTL offer while applying for bridging funds.

Meanwhile, the Co-operative Bank for Intermediaries has cut a range of residential and landlord products for new and existing customers, including: 

New business 

Residential 

• Selected purchase two-, three- and five-year fixes fall by up to 16bps 

• Selected remortgage two- and three-year fixes fall by up to 14bps 

Retention 

Residential 

• Selected two-, three- and five-year fixes fall by up to 8bps