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@ncooper1974 - Good suggestion - I will organise that. TSB has cut rates on selected two-, three- and five-year fixed rate buy-to-let purchase and remortgage products.
Two-year fixed rates between 60% and 75% loan-to-value (LTV) have been reduced by 0.1%, and two-year remortgage rates up to 75% LTV have also seen 0.1% cuts.
Buy-to-let landlords looking for three- and five-year fixed purchase and remortgage deals stand to make the biggest savings, with rates for these products reduced by 0.3%.Full/source article
Vanessa Warwick Landlord and Co-Founder of PropertyTribes.com **If you have got value from Property Tribes, find out how you can support it in remaining a free to use community resource**
Newcastle Building Society is cutting buy-to-let rates across its full range by up to 0.64% for borrowers going through its intermediary channel.
Reductions include a two year remortgage deal as well as a number of two and five-year fixed rates for remortgagors and home movers.
The largest reduction has been on the five-year fixed rate product which is now available at 3.05% with a £999 fee.
Other highlights include a two-year remortgage deal at 2.82% with no product fees and free standard valuation, £500 cashback or free legal fees and 10% overpayments per annum.
Clydesdale Bank has cut its BTL mortgage rates:On buy-to-let its 3-year fix to 60% LTV now costs 2.39% with a £1,999 fee.
For properties in London and the South East Clydesdale Bank now offers a 2-year fix at 2.29%. 3-year fix at 2.79% and 5-year fix at 2.89%, all to 75% LTV and with a £2,999 arrangement fee.
The bank has also launched two new buy-to-let products, a 5-year fix at 2.59% with a £1,999 fee and a 5-year fix at 2.79% with no fee.
The Mortgage Works (TMW) has reduced rates on selected buy-to-let mortgages by up to 0.65%, as well as expand its limited company range.
Nationwide’s buy-to-let arm, which from this morning has also extended its cashback of £250 across its entire let-to-buy range, is now offering landlords access to a two-year fixed rate at 1.49% up to 65% loan-to-value (LTV) with a £1,995 fee, or 2.14% with no fee.
TMW has also reduced selected BTL products at up to 75% LTV by up to 0.4%.
A five-year fixed rate up to 75% LTV has been cut to 2.49% with a £1,995 fee and free standard valuation.
In addition, TMW has launched a new five-year fix for limited companies at 3.69% up to 80% LTV.
But selected rates for large portfolio products will increase by up to 0.2%.
Newbury Building Society has reduced its buy-to-let mortgage rates, including limited company and expat mortgages.
The rates for both the buy-to-let 3-year discount at 75% loan-to-value and buy-to-let 5-year discount at 75% were reduced from 3% to 2.75%.
The limited company buy-to-let discount at 75% saw it’s rate cut from 3.24% to 2.99%, while the rate was reduced from 3.95% to 3.45% for the expat buy-to-let discount at 60% LTV.
The average rate on a five-year fixed rate buy-to-let mortgage has fallen to an all-time low of 3.4%, the latest figures from Moneyfacts show.
Rates on five-year fixed mortgage products have fallen from an average of 3.77% in October last year, which is good news for buy-to-let landlords thinking about buying property or remortgaging.Full/source articleAlso, as per the above request, I have started curating reductions in limited company BTL mortgage rates here:Lenders reducing limited company BTL rates
Aldermore has reduced the rates on its buy-to-let five-year fixed remortgage products for individual landlords and company landlords by 0.2%.
Individual landlords submitting remortgage applications through the specialist bank’s residential portal will find that they have access to a five-year fixed rate 75% loan-to-value (LTV) remortgage deal, which has been reduced from 4.18% to 3.98%.
There is also a five-year fixed rate remortgage product available at 80% LTV, which has been reduced from 4.78% to 4.58%.
Both products come with no arrangement or valuation fees.Full/source article
Barclays Mortgages has launched a series of rate reductions across a number of buy-to-let – and residential – ranges for both purchase and remortgage.
Fee-free buy-to-let products for purchase and remortgage at 75% loan-to-value (LTV) now stands at 2.66% for a two-year fix and 2.99% for a three-year fix.Full/source article
NatWest’s buy-to-let remortgage products have been cut by up to 50bps on both two-year rate deals and five-year rate deals.
In addition, there have also been rate reductions of up to 28bps and fee decreases on selected 60%, 70% and 75% loan-to-value deals.