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Buy-to-let fixed rates for existing customers switching and borrowing more, plus buy-to-let purchase and remortgage deals for new business have been cut on deals up to 75percent LTV. Bank of Ireland is cutting residential fixed rates for new customers for purchase and remortgage from tomorrow. It is offering two-year fixed rates from 5.39percent (with a 1,495 fee) at 75percent loan to value, and five-year fixed rates from 4.99percent also with a 1,495 fee (75percent LTV). Specialist buy-to-let lender Fleet Mortgages has cut two and five-year fixed rate deals for new borrowers, following a range of rate cuts last week.
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Coventry building societyis cutting fixed rates for new borrowers. The new rates will be effective from Thursday when the new deals will be revealed. Barclays has cut the cost of fixed rate borrowing on selected loan deals. It became the last of the biggest six lenders to cut rates over the past two weeks, writes Jo Thornhill. Coventry building society is cutting the cost of a range of its residential and buy-to-let fixed rate deals from Friday .
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