NatWest, Landbay and Molo have announced rate reductions, joining a number of other lenders this week.

NatWest has made rate reductions on its existing customer product range, effective 9 July but no further details have been announced.

Meanwhile, Landbay has made further cuts by 5 basis points to 18 Premier products.

The 18 products cover five-year fixed-rate, available up to 75% loan-to-value (LTV), for both purchase and remortgage including both AVM and product transfer options.

Premier is a range of standard and HMO products for borrowers with up to 15 mortgaged properties, available to both individual and limited company landlords.

The reduced have have been applied to purchase/remortgage five-year fixes with no fee and are available at 5.4% and no fee rates are available from 4.4%.

Remortgage AVM five-year fixes with a 1% fee are now available at 5.2%, and 5% fee at 4.4%, while remortgage free valuation five-year fixes with zero fee are now available at 5.44%, and 5% fee at 4.44%.

Product Transfer five-year fixes with a 1% fee are now available at 5.29%, and 5% fee at 4.49%

Landbay sales and distribution director Rob Stanton says: “Funding conditions and pricing have continued to improve over recent weeks and, as a result, we have been keen to pass them into our product pricing.”

“While markets remain capable of moving quickly in either direction, the current environment has given us another opportunity to reduce rates across a significant part of our Premier range, building on the changes we made last month to the Premier range but also building on our recent new product launches.”

Yesterday, Landbay announced the launch of a two-year tracker product transfer option within Premier, with no ERCs, and available up to 75% LTV. It comes with a 3% fee and is priced at Bank Base Rate plus 0.44%.

Elsewhere, Molo has reduced rates by 10bps across its UK residential two- and five-year buy-to-let (BTL) range.

Two-year fixed rates for standard BTL products now start at 2.85% at 75% LTV, while five-year fixed rates are available from 4.55%.

The reduced rates are available to both individuals and limited company landlords.

Molo distribution director Martin Sims, comments: “As market conditions continue to evolve, we remain committed to ensuring that our pricing remains competitive.”

“These reductions keep our buy-to-let products attractive for landlord clients whilst maintaining the flexibility and specialist knowledge that brokers have come to demand of Molo.”