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It has also joined the ranks of lenders offering deals at under 5percent. It has also cut selected buy-to-let purchase and remortgage deals for new customers, available through brokers. Five-year portfolio BTL fixed rates with a 3percent fee start from 4.97percent. Santander has cut selected fixed rates for new and existing customers by up to 0.25 percentage points. It is offering a two year fixed rate for home purchase at 4.99percent (down from 5.14percent) for borrowers with at least a 40percent deposit towards their property.
- TSB has increased the cost of its fixed rate residential mortgage rates, direct and through brokers, by up to 0.3 percentage points from today.
- It is also offering a five-year fixed rate for home purchase or remortgage at 4.32percent with a 1,999 fee.
- It has a two-year fix at 5.59percent for remortgage buy-to-let customers at 75percent LTV, with no fee.
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The lender’s rate rises include an increase in its five-year fixed rate for remortgage from 4.67percent to 4.77percent (at 60percent LTV with a 999 fee). NatWest has reduced rates on its residential mortgage deals by up to 0.24 percentage points and by up to 0.12 percentage points for buy to let borrowers. It is offering a two-year fixed rate deal for residential purchase customers at 4.93percent – this deal is at 60percent LTV and has no fees. It has a fee-free five-year fix for purchases at 4.68percent at 85percent LTV. The two-year fixed rate is cut by 0.24 percentage points to 4.88percent – at 75percent LTV. At the same time buy to let deals have been cut by 0.12 percentage points.
April: Bank Of England Records Increased Approvals
Five-year remortgage rates have been cut by up to 0.24 https://happy-gambler.com/vbet-casino/ percentage points, with deals starting at 4.28percent (60percent LTV) with a 1,495 fee. Santander has unveiled its latest fixed-rate deals for new customers following the announcement of its 0.21 percentage point rate cut yesterday . The new deals include a competitive five-year remortgage offer with a fixed rate at 4.34percent. Buy-to-let two and five-year fixed rates with 1percent fee will be reduced by up to 0.07percent, starting from 4.52percent.
HSBC’s SVR will remain at 6.99percent, Santander at 7.50percent, Coventry building society at 6.99percent and Skipton building society at 6percent. A recent survey by Citizens Advice found that 90percent of households feel the high cost of ‘green’ home improvements is the main barrier to carrying out the work. Fewer than one in five said they were willing to borrow more on their mortgage or through an unsecured loan to do the work. “The markets’ assessment of where interest rates are heading has been consistently wrong over the past nine months.
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