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- Coventry building society is cutting selected fixed rates across its range for residential and buy-to-let borrowers from Friday .
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- It comes after the mutual lender had increased the cost of a range of its BTL mortgage deals just last week.
The Mortgage Works has cut rates on its product transfer range for existing limited company customers by up to 0.35 percentage points, effective tomorrow . Among the new rates is a five-year fixed rate at 5.39percent with a 5percent fee (70percent LTV). Among its other new deals, Yorkshire is offering a two-year fixed rate for home purchase at 5.64percent with a 495 fee (also 75percent LTV). Existing Skipton mortgage customers who know they’re going to struggle with payments at higher mortgage rates, can opt for the low rate deal, which is a two-year fixed rate. But the downside is a charge of 5percent of the existing loan amount, which can be added to the mortgage debt.
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Nationwide’s deal has a 999 fee, while NatWest’s is 1,495. Nationwide offers an equivalent deal at idebit online casino 4.44percent with a 1,495 fee for mortgages of 300,000 or more. The bank’s residential fixed-rate deals have risen by up to 0.26 percentage points and buy-to-let deals by up to 0.22 percentage points.
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It is available to borrowers with at least a 40percent deposit towards their purchase. However, while competitive, the deal is trumped by Nationwide’s five-year fix which is priced at 4.29percent for purchases . Virgin is offering a five-year fixed rate for BTL remortgage at 4.74percent (60percent LTV) with a 1percent fee. Alternatively there is a five-year fixed rate for remortgage at 4.59percent (also 60percent LTV) with a 2,195 fee. It is also offering a five-year fixed rate for home purchase or remortgage at 4.32percent with a 1,999 fee. But this deal is only available for large loans (2 million up to 10 million) at 60percent loan to value.