News
Leeds cuts cost of Welcome mortgages with 0% starting rate
Thursday 24th May 2018
Leah Milner
Leeds Building Society has cut the rates on its range of Welcome Mortgages which have a 0 per cent starting rate for the first three months. The products first launched in 2013 with the idea that borrowers would value having a few months without mortgage payments at a time when their finances might be stretched after…
Pepper Money cuts rates on selected BTL deals
Thursday 24th May 2018
Emma Simon
Specialist lender Pepper Money has revamped its buy-to-let range, reducing rates by up to 0.6 per cent on 20 products. In addition, it has also halved its completion fee - from 2 to 1 per cent - on all its two-year fixes. The biggest cut is to its five-year fix in the Pepper 24 range. Those borrowing up to 80 per cent LTV will now get a rate of 4.18 per cent, a reduction of 0.6 per cent. The Pepper 24 range is available to landlords who have not registered a CCJ or default in the last 24 months. For landlords who have not…
TMW adds new 10-year fix and reduces tracker rates
Thursday 24th May 2018
Rebekah Commane
The Mortgage Works has launched a 10-year fixed rate buy-to-let product at 3.49 per cent. The new deal represents a drop of 0.50 per cent on the lender's previous 10-year fix and is available at up to 75 per cent LTV. The product, from the specialist buy-to-let arm of Nationwide, includes free standard valuation, £250 cashback and no arrangement fee. TMW has also…