Indeed July was a busy old month when it comes to product launches and criteria changes.

I’ll start this summary, if I may, with a couple of new products from Precise Mortgages launched exclusively through Buy to Let Club.

These include a rate of 2.29% fixed for two years, up to 75% LTV and available for personal borrowers or limited companies.

There’s also a rate of 3.45% fixed for five years, up to 75% LTV, again for personal borrowers or limited companies and stress tested at 3.45%.

Fixed rate cuts

Elsewhere, Vida Homeloans has reduced several five-year fixed rate products by up to 0.75%. The lender has also reduced five-year expat rates.

The cuts will apply to houses in multiple occupation (HMOs), multi-unit blocks, loans above £1m and first-time buyers/first-time landlords.

BM Solutions has also been making reductions, cutting rates by 0.05% on 0–75% LTV two-year fixes, for both buy-to-let and let to buy products.

Accord has been busy making changes across its buy to let range including reducing rates by up to 0.16%, introducing two new five-year deals at 65% and 75% LTV.

Large loans and short-term

The focus is on large loans over at Foundation Home Loans which has introduced a new large loan product to its buy to let range.

This will be available for clients who are looking for a buy-to-let mortgage from £750,000 to £1.5m (inclusive of fees).

The loan is available up to 65% LTV, standard interest cover ratio (ICR) rates apply and the five-year fix is available from 2.99%.

Finally, Shawbrook announced some changes to its short-term lending range, including reducing rates by up to 0.26% and cutting the arrangement fee for bridge to let borrowers looking to refinance to a term mortgage.