Afin Bank has lowered mortgage rates on selected deals by up to 75 basis points, bridging lender SDKA by up to 50 bps and Principality by up to 40 bps while increasing others.

At Afin Bank,which services foreign nationals as well as UK borrowers, its professionals range potentially allows up to 6.5 times income.

In this range, two-year fixed rates have been reduced by up to 75bps and now start from 5.59% with a £1,495 fee.

All two and five-year residential products carry the same fee, while buy-to-let deals come with a 2.5% fee.

The lender has also launched five-year fixed rates in its residential, buy-to-let, professional and high net worth ranges

For owner-occupiers, five-year fixed rates start from 5.89% and go up to a maximum of 90% LTV. 

For landlords, five-year fixes are from 5.69% and go up to a maximum of 75% LTV.

Principality has announced a host of price changes taking effect tomorrow, with movements both upwards and downwards.

The steepest reductions are to deals in its holiday let range.

A two-year fix at 75% LTV with no fee is dropping by 40bps and its five-year equivalent by 20bps.

New build deals are being lowered by up to 10bps and a host of other rates by lesser amounts.

Small increases of between 1 and 4 bps are taking place across its residential range including to some Joint Borrower Sole Proprietor (JBSP) deals.

Bridging lender SDKA, is lowering its Bridge 75 rate by 50bps to 0.84% per month for loans over £250,000 and up to 75% LTV.

The products are designed for borrowers investing in buy-to-lets, houses in multiple occupation (HMOs) and buildings requiring refurbishment with terms from three to 24 months. 

SDKA managing director Kunal Mehta says: “The rate reduction has been made in response to market conditions and a strong liquidity position which is allowing us to support clients with competitive pricing.

“Thanks to the excellent relationship with our flexible funding partners we have the ability to move our rates as required.”