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…
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 registered a CCJ or default in the last 48 months, rates are now available from 2.95 per cent…
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 lowered rates…