Residential bridging is now 0.78% pm at 75% LTV, a reduction in pricing of 72 bps.

Heavy Refurbishment is now available at 0.83% pm at 80% LTV and 0.78% pm at 75% LTV, falls of 72bps.

Stepped Rates, which are available for all products and clients, are now available from 0.39% pm marking another reduction of 72bps.

Aspen’s No Valuation rates have also dropped to 0.84% pm at 75% LTV, a decrease of 60bps.

The lender’s two-year BTL pay rate, which is also available for foreign nationals, is now 6.49% – a reduction of 25 bps.

Aspen is also launching a new larger loan offering with flat rates from 0.75% pm and stepped rates from 0.39% pm for loans above £2m up to £15m.

Meanwhile, Landbay has announced rate reductions across its buy-to-let product range, with rates falling by as much as 0.80%.

The headline rate reduction applies to Landbay’s first-time landlord HMO/MUFB products, with rates across two-year options now starting at 4.09%.  In addition, trading company products have seen a 0.65% rate cut and now also start at 4.09%.

Both standard and AVM-supported two-year fixed rate products have been reduced by 0.35%. These are available at up to 75% loan-to-value (LTV) and with rates beginning at 3.74%. Rates on two-year small HMO/MUFB products have fallen by as much as 0.60% and now start from 3.79% at up to 75% LTV.

Landbay has also cut rates on its product transfer range. The two-year options in the range have seen reductions of 0.45%.

This round of rate reductions follows action at the start of the month, where Landbay reduced its non-portfolio range and standard five-year fixed rate products by 0.25%.