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 moving home. Rates across the range have been cut by up to 0.16 per cent. The Welcome Mortgage range a includes a 2.64 per cent five-year fixed rate available up to 85 per cent loan-to-value and a 3.7 per cent five-year fixed rate up to 90 per cent LTV. Added…
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…
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…