News
Virgin Money increases fixed mortgage rates across core product range
4+ day, 22+ hour ago (183+ words) The lender has confirmed that a number of fixed-rate products will become more expensive, with increases affecting two-year, five-year and 10-year deals for both purchase and remortgage customers. Shared Ownership products are also included in the latest repricing. For purchase…...
NatWest joins lenders increasing mortgage rates as market uncertainty grows
4+ day, 11+ hour ago (366+ words) NatWest will increase selected fixed mortgage rates by up to 0.27% from Friday 17 July, adding to a series of repricing announcements across the market over recent days. The latest changes come after renewed tensions in the Middle East unsettled financial markets,…...
Six-times salary lending quadruples as lenders loosen affordability
5+ day, 6+ hour ago (345+ words) Latest data from Mortgage Broker Tools (MBT) shows 20 lenders now offer a maximum LTI of 6x or more, compared with just five a year ago. Barclays, NatWest, HSBC UK, Nationwide Building Society and Leeds Building Society are among the lenders to…...
Foundation adds new 80% LTV specialist buy-to-let products
6+ day, 10+ hour ago (326+ words) The intermediary-only specialist lender has introduced a range of Buy-to-Let Special products featuring both two-year and five-year fixed rates for landlords purchasing or refinancing standard buy-to-let properties, houses in multiple occupation (HMOs) and multi-unit freehold blocks (MUFBs). The new products…...
Foundation reduces BTL rates by up to 0.25%
1+ week, 5+ day ago (176+ words) In addition to these rate reductions, Foundation has reduced its minimum buy-to-let property value to £70,000. For properties valued between £70,000 and £75,000, the maximum available LTV is 75%. Grant Hendry, director of sales at Foundation, commented: “This significant buy-to-let refresh reflects our determination…...
Barclays latest lender to cut rates
1+ week, 5+ day ago (342+ words) The lender has reduced rates across purchase, remortgage and existing customer products, with changes effective from tomorrow. The largest reductions have been made across higher LTV purchase products, with selected two-year fixes at 85% and 90% LTV reduced by more than half…...
Coventry and Accord both cut BTL rates
1+ week, 5+ day ago (279+ words) Coventry’s revised pricing includes a limited company BTL EPC five-year fixed rate at 5.29% for borrowers at 75% LTV, with no fee, reduced by 11bps. The lender is also offering a buy-to-let purchase five-year fixed rate at 4.98% for borrowers at 75% LTV, with no…...
GB Bank cuts 65% LTV BTL rates by 0.30%
2+ week, 12+ hour ago (294+ words) The refreshed range now includes two-year fixed rates from 4.39% with a 5% fee or 5.39% with a 3% fee, three-year fixed rates are available from 4.77% or 5.77%, and fiev-year fixed rates available from 5.53% or 6.13%. Rates at 75% LTV remain unchanged. These rate cuts also apply…...
Together cuts fixed rates and expands criteria
2+ week, 20+ hour ago (225+ words) The new fund was launched by the Scottish Government in June this year to get more first-time buyers onto the property ladder. The rate reductions are across both residential and commercial products. All two-year fixed rates have been reduced by…...
Keystone launches special edition HMO range
2+ week, 3+ day ago (207+ words) The specialist buy-to-let lender’s new special edition range offers a 15 basis point reduction on the core range, with rates starting at 3.34%. Keystone has also simplified its fee structure as part of the revamp of its range. It now offers 2.5%, 5% and…...