Posts in tag

year fixed


The Buckinghamshire Building Society has launched a new five-year fixed rate remortgage contract. The product offers borrowers the opportunity to consolidate debt, raise capital for home renovations, or simply remortgage their existing home loan. The product charges a rate of 2.05% until May 31, 2027, with a product fee of £495. It is available up …

Mortgage rates have risen rapidly since bottoming out in October last year, according to analysis by L&C. The study shows that the average of the 2-year fixed rate products of the 10 major lenders has climbed by 1% since October and the 5-year rates by 0.92%. The same two-year mortgage would cost more than £800 …

The Suffolk Building Society has launched new two and five year 95% LTV patches. The products, aimed primarily at the first-time buyer market, will also include independent candidates and those looking to buy a new home. The rate on the two-year contract is 3.25%, fixed until April 30, 2024. After this period, the rate reverts …

Shutterstock/Photobank.Kiev.UA Many buy-to-let (BTL) professionals are optimistic about the market outlook after a strong 2021. Mortgage strategy cited good mortgage availability, easing criteria and low rates as reasons for their optimistic outlook. This positivity is despite tougher tax conditions for homeowners and the threat of additional costs to improve the energy efficiency of homes, which, …

Santander says its mortgage customers have overpaid £335million on their mortgages so far this year, or more than £47.5million a week. The bank points out that these overpayments, which are 50% higher than overpayments made at the same time last year, can have “a significant impact” on the interest that owners pay throughout the term. …

Atom Bank has launched several exclusive two-year fixed rate quasi-premium product offers for Sesame Network advisors. The app-only lender indicates that the products are available in different LTV ranges, such as a 75% LTV option with a rate of 2.89% or a 70% LTV product with a rate of 2 .74%. He adds that customers …

Paragon Bank has doubled the period that buy-to-let customers can lock in a mortgage rate from three months to six months. It says it will offer brokers a 0.30% proxy fee for each product change they present to the lender. The company sells a range of two- and five-year fixed rate products aimed at those …

More than half – 52% – of mortgages in 2021 were on a five-year solution, LMS’ annual mortgage report shows. Meanwhile, 37% of mortgages taken out were of the two-year type and only 2% at a 10-year fixed rate. Overall, mortgage activity increased in 2021, “with a steady increase in instruction and completion volumes following …

Halifax Intermediaries will make price changes to select products for first-time buyers and movers, including affordable housing – share shares and condominiums, on Monday, February 14. The broker-only subsidiary says the move will cut rates by up to 34 basis points on certain fixed-rate products from 85-90% to two-year fixed and five-year fixed-rate offerings from …

Coming to what is – hopefully – the final round of the Covid pandemic and considering all the changes the past two years have brought to society, the economy and the way we are governed, Mortgage strategy thought it was time to ask a number of lenders what risks they were considering at the start …

Knowledge Bank has added West One Loans buy-to-let criteria to its search platform. West One revamped its buy-to-let loan credentials last month and they have now been included in Knowledge The Bank’s platform, which includes more than 135,000 individual criteria covering more than 270 lenders. West One’s BTL Managing Director, Andrew Ferguson, said: “As a …

HSBC has reintroduced a sub-1% mortgage rate as part of a product renewal. The big bank says the move will make it cheaper to access or move up the property ladder, or mortgage with the lender when a current fixed-rate loan comes to an end. It says sub-1% new mortgages, with a fee of £999, …

Landbay said it has reduced some rates on its rental mortgage lineup and added new homes to its green loan portfolio. The rental loan platform reduced rates from 0.14% to 0.29%, with its lowest rate now set at 2.65% for a two-year fixed rate at 65% of the loan-to-value ratio, against 2.85%. Product discount highlights …

The platform increases its SVR (standard variable rate) following the increase in the base rate of the Bank of England from 0.10% to 0.25%. The bank’s SVR will drop from 4.34% to 4.49% effective today, Monday, December 20. For existing customers, the change to 4.49% SVR will not come into effect until February 1, 2022. …

Panel members David Hollingworth, Associate Director of Communications, London & CountrySarah Tucker, Managing Director, The Mortgage MumMatt Tilbury, Senior Mortgage and Protection Advisor, Just Mortgages Greg Cunnington, Director of Lender Relations and New Homes, Alexander HallMark Pattanshetti, Associate Director, Largemortgageloans.comAaron Strutt, Director of Products and Communications, Trinity FinancialDale Jannels, Managing Director, Impact Specialist FinanceDavid Sheppard, …

MPowered Mortgages has launched an Eco EPC range, which offers a 10 basis point discount on rates for all properties with an energy rating of A, B or C. The digital platform indicates that the discount on its new green range is available on the range’s two, five and seven year fixed rate products (excluding …

Metro Bank has made a number of changes to its buy-to-let (BTL) product line, including increasing the maximum LTV and reducing rates. As noted above, the maximum LTV offered for BTL purchase and remortgages has been increased from 75% LTV to 80% LTV (including for new builds and apartments), although at this level of fees …

Instructions for remortgages increased by 50% in September, according to LMS’s latest remortgage snapshot. Added to this is 108% more remortgages made in September compared to the previous month, while cancellations increased by 0.43 points to 5%. LMS data shows that 45% of borrowers increased their loan size in September, with the average loan increase …

The platform hikes rates up to 44 basis points on some products on Wednesday as part of a major price review. The lender also reduces the rates on a number of transactions. In the new line of business of the lender, it makes the following changes: To integrate Two, three and five year fixed rate …

Paradigm Mortgage Services has added specialist lender SBI UK to its panel of lenders. SBI UK is a wholly owned subsidiary of State Bank of India and Paradigm members will now have access to its BTL products for individual borrowers or SPVs. SBI offers BTL products for multiple occupancy houses (HMOs), expatriates and limited liability …

As of this writing, I have recently attended several industry events. Many people in the mortgage industry seem eager to reconnect with the potential risks that still exist, including me! It looks like rental investors (BTLs) are feeling the same, with two busy days at the Consumer Real Estate Investor Fair a few weeks ago. …

HSBC cut rates on its entire range of mortgages to 0.20%, leading to an offer of less than 1%. The discount applies to over 20 mortgage products on all LTVs, including the bank’s 95% LTV mortgage guarantee program rates. Following the update, the two-year 60% LTV fix, with a fee of £ 999, now comes …

Habito returned to 80% loan-to-value, across its buy-to-lease range for two- and five-year fixed rate products. The online mortgage company has also cut rates for its existing fixed products to 75% LTV over 5 years. Habito’s 80% LTV, two-year fixed rates start at 3.89% and five-year fixed rates start at 4.15%. Its five-year 75% LTV …

HSBC UK is reducing rates on all LTVs in its range of mortgages, up to 0.30%. The lender made the move because it recorded its busiest month in terms of mortgage lending in March and onboarded more than 100 brokerage firms in the past eight weeks, for a total of 400 partner brokerage firms. Highlights …

“Old Fashioned” Mortgage Offers: Why Bother? We live in the internet age and yet it is common to receive a mortgage offer in the mail. Why do you get such offers, and are they good? The answers may surprise. Check your new rate (November 26, 2021) The mortgage offer and targeted marketing “You have no …