Multiple UK Lenders Cut Residential, Buy-To-Let Mortgage Rates

Several UK lenders have announced mortgage rate reductions effective in early July 2025, offering more competitive terms for residential, buy-to-let (BTL), and holiday let borrowers. Zephyr Homeloans cut its two- and five-year fixed BTL mortgage rates by at least 10 to 15 basis points, with options for 0%, 3%, or 7% fees. Santander lowered selected residential and BTL mortgage rates by up to 0.16%, including discounts on first-time buyer and homemover products across various loan-to-value (LTV) bands. Principality Building Society announced rate cuts up to 0.51% across its residential, BTL, holiday let, and Joint Borrower Sole Proprietor products, also reducing its Standard Variable Rate and stress test rates. Barclays reduced a broad range of fixed-rate residential purchase and remortgage products, including Green Home mortgages, with cuts varying by LTV and fee structures. These moves by multiple lenders reflect a competitive market environment aiming to attract borrowers amid evolving economic conditions.