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The lender’s new rates under its Standard range will be live on its website tomorrow morning. Aldermore, the broker-only lender, has launched a new range of BTL deals for landlords with multiple properties. The new five-year fixed rates start from 5.09percent (75percent LTV) with a 7percent fee. The Mortgage Lender, the broker-only lender, has reduced rates on its five-year fixed rate deals for standard buy-to-let borrowers and landlords with houses of multiple occupancy . TML has also launched a new two-year standard BTL fixed rate at 4.69percent with a 5percent fee.
- Metro Bank has cut rates across its residential and BTL mortgage deals for new and existing customers by up to 0.7 percentage points.
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- Accord Mortgages is cutting selected buy-to-let fixed rate mortgages by up to 0.3 percentage points from tomorrow .
- The variable rate changes are effectively immediately for new customers and from 1 July for existing customers.
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HSBC, Barclays, NatWest, Leeds building society and Accord, part of Yorkshire building society, are increasing selected fixed mortgage rates in response to rising borrowing costs. Buy-to-let two and five-year fixed rates for purchase and remortgage are also set to increase by the same amount. The lender’s buy-to-let fixed rates will rise by up to 0.25 percentage points. The new higher rates and deals from across its range will be available from tomorrow. Over two years, the cheapest fixed rate for remortgage is now at 4.77percent, on offer from NatWest with a 1,495 fee (60percent LTV). Nationwide and Santander have equivalent deals at 4.79percent with a lower 999 fee.
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