Halifax will cut selected residential rates by up to 19 basis points, while The Mortgage Works reduces landlord deals by up to 30bps from tomorrow (3 July).

Halifax says it will ease rates on selected homemover and first-time buyer products by up to 19bps.

Meanwhile, Nationwide’s buy-to-let arm, The Mortgage Works, says reductions on selected landlord products, will see offers start from 3.69%.

The Mortgage Works’ cuts include:

New business

• BTL two-year fixes (purchase and remortgage) at 3.69%, with a 3% fee, available up to 65% loan to value — down by 10bps

New business limited company

• BTL two-year fixes (purchase and remortgage) at 4.99%, with a 3% fee, available up to 75% LTV – down by 30bps
• BTL two-year fixed switchers at 6.49%, available up to 75% LTV — down by 30bps

The Mortgage Works senior manager, BTL mortgages Joe Avarne says: “Our products are some of the most competitive in the sector and, with rates now starting from 3.69%, these new deals will improve affordability and help widen market access for BTL investors”.