Kent Reliance, Precise and Foundation pull products to reprice - Mortgage Strategy

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Kent Reliance and Precise are withdrawing their current product range this evening in order to reprice.

The lenders have emailed brokers to say that their current range will be withdrawn at 8pm this evening and new products will be released at 9am tomorrow, but they have not given details of the new rates.

Foundation Home Loans is also withdrawing selected two and five-year fixed rate buy-to-let deals at 7pm this evening.

The lender says it will be cutting rates by up to 40 basis points tomorrow, but has not revealed which products are being repriced.

The news comes after BM Solutions made cuts of up to 1.48 percentage points to its product transfer deals earlier this week.

Halifax Intermediaries also made substantial reductions of nearly 1 percentage point to PT deals on Monday.

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