Tag: Remortgage
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Cumberland Building Society Slashes Rates
Cumberland Building Society has announced significant cuts to its fixed-rate mortgage interest rates, offering a glimmer of hope for those wrestling with the prospect of rising monthly payments. With reductions of up to 0.5%, the society introduces new rates that promise more affordable borrowing costs, going as low as 4.26% for 2-year terms and 3.93%…
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Coventry Building Society Reduces Mortgage Rates for Homebuyers and Landlords
Coventry Building Society has announced sweeping reductions across its range of buy-to-let mortgages, with cuts going as deep as 0.40%. But it’s not just landlords who are set to benefit; prospective homeowners and those looking to move up the property ladder are also in for some good news, thanks to reduced rates on selected residential…
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Bank of England Holds Steady on Interest Rates – Impact on Mortgages Explained
The Bank of England has maintained its base interest rate at 5.25%. This decision marks the fourth consecutive pause since September, following a series of 14 rate hikes beginning in December 2021. Let’s break down what this means for you, especially if you’re dealing with mortgages. The primary objective of increasing the base rate has…
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New Mortgage Deals for Energy-Efficient Properties
Paragon Bank has unveiled a range of new mortgage options specifically designed for buy-to-let landlords with energy-efficient properties. Paragon Bank’s latest venture introduces five-year fixed-rate mortgage products, catering exclusively to buy-to-let landlords. What makes these mortgages stand out is their focus on properties with high energy efficiency ratings. These “green” properties, identified by their A-C…
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Mortgage Battle Continues – Barclays Announces Major Rate Cuts
Barclays has announced a significant reduction in the cost of various fixed-rate mortgage products. This change, set to take effect from today, 23rd January, will benefit both new and existing residential and buy-to-let borrowers. Barclays’ decision comes on the heels of similar rate cuts by most of the UK’s major mortgage lenders since the beginning…
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Molo’s Reduced Buy-to-Let Mortgage Rates
Molo Finance has made a sweeping reduction in their buy-to-let fixed rate mortgage products, slashing rates by up to 71 basis points (bps). The company now offers starting rates as low as 3.94% for a two-year fixed mortgage, available to both individuals and limited companies borrowing up to 75% of the property’s value (known as…
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Virgin Money Cutting Interest Rates
Virgin Money’s residential range is getting the biggest cuts in five-year fixed rates. What does this mean for you? Well, if you’re considering a long-term fixed mortgage, rates now start at a more attractive 4.19%, though this comes with a £995 fee. If you prefer to avoid fees, you can still enjoy a reduced rate,…
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TMW Unveils Buy-to-Let Rates Starting at 3.54%
In a bold move that’s set to shake up the buy-to-let mortgage sector, The Mortgage Works (TMW), Nationwide Building Society’s dedicated arm for property investors, has just announced a significant drop in its rates for new customers. With cuts of up to 0.15%, these new rates are not just a minor adjustment; they are among…
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TMW Reducing BTL Mortgage Rates
The Mortgage Works (TMW) has announced a substantial reduction in mortgage rates, effective from today, Wednesday 17 January. This change promises to make a big difference for both new and existing customers, with cuts of up to 1.20%. The new rates now start at a competitive 3.69%. New Deals for Buy-to-Let Customers TMW has focused…
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Aldermore Cuts Rates for Homebuyers and Landlords
Aldermore Bank has just announced considerable reductions in their mortgage rates. Starting from Tuesday, 16th January, the lender is implementing a 0.50% cut across both its residential and buy-to-let mortgage products. Residential Mortgage Changes For those looking to buy their own home, Aldermore’s rate reduction is particularly good news. The bank has slashed the fixed…