Tag: Remortgage
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Foundation has New BTL Fixed Rate Deals
Foundation Home Loans, a specialist lender catering exclusively to intermediaries, has rolled out an assortment of fixed-rate deals. Tailored to diverse landlord requirements, these range from nearly spotless credit histories to those considering more unique property types or contending with past credit glitches. Exclusively for Portfolio Landlords Among the notable products is the five-year fixed-rate…
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Landbay Reduces Buy to Let Fixed Mortgage Cost
In a significant move for the industry, specialist buy-to-let lender, Landbay, has announced noteworthy reductions in their two-year fixed rates. These rates have seen a substantial decrease, by up to 0.50%, beginning now at an appealing 4.19%. To dive deeper into the specifics: Landbay emphasises that these mortgage products are tailored for landlords aiming to…
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NatWest and Others Cut Mortgage Rates
Recently, the UK experienced an unexpected dip in inflation. Traditionally, inflation rates influence various financial indices, including interest rates set by lenders. The UK’s annual inflation rate slowed to 6.7% last month, defying many predictions. This unforeseen drop seems to have set the stage for a cascade of reduced mortgage rates among several major lenders.…
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New Sub-4% Buy-to-Let Deal
On the 20th of September, the State Bank of India turned heads when it revealed its two-year fixed-rate deal for new buy-to-let customers at an impressive 3.9%. This came as a surprise to many, especially when considering that it’s been over a year since the buy-to-let market saw two-year fixed rates below 4%. What’s even…
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Three BTL Lenders Slash Rates for Buy-to-Let Investors
In a move that could benefit buy-to-let (BTL) landlords, three lenders in the UK have recently announced significant reductions in product rates. These rate cuts could provide potential savings for investors in the buy-to-let market. This article will delve into the details of these rate reductions, what they mean for landlords, and the broader implications…
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Planning the Perfect Property Extension
Extending your property can be a cost-effective way to gain more space and increase your home’s value. With careful planning, you can embark on a successful property extension project. In this comprehensive guide, we’ll walk you through the key considerations and steps to ensure your extension proceeds smoothly. What to Consider The decision to extend…
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Virgin, TSB, Yorkshire BS Slash Mortgage Rates
More lenders are reducing their borrowing costs. This trend comes in the wake of comments made by Bank of England Governor, Andrew Bailey, who suggested that interest rates may have peaked. Let’s take a closer look at the latest mortgage news. Virgin Money – A Good Deal for Homebuyers Virgin Money has made significant cuts…
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Mortgage Rate Cuts Expected This Week
Potential property investors in the UK may soon benefit from reduced mortgage borrowing rates. Many of the country’s major lenders, including Lloyds Banking Group, Barclays, Nationwide, and Santander, are expected to announce rate cuts this week. The move comes as the property market faces a challenging environment, with subdued home buying activity. The recent rate…
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House Purchase and Remortgage Activity Weak in Q2
The latest data from UK Finance reveals that mortgage borrowing activity in the UK remained subdued in the second quarter of this year, despite an improvement in consumer confidence. Both house purchase activity and external remortgage activity experienced a decline, primarily driven by affordability challenges. This article aims to provide potential property investors with an…
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Nationwide and Santander Cut Mortgage Rates
Nationwide Building Society and Santander have announced mortgage rate cuts, with other lenders potentially set to follow suit. Nationwide is cutting rates by up to 0.4% on its fixed mortgage products for new customers moving home, first-time buyers and remortgaging customers. Santander, which has already reduced rates by up to 0.29% in the past week,…