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The Mortgage Works, the specialist buy-to-let lender owned by Nationwide building society, has cut selected fixed rates by up to 0.3 percentage points. It is offering a five-year fix for purchases for limited company borrowers at 4.99percent with a 3percent fee (75percent LTV). Accord Mortgages, the broker-only lender owned by Yorkshire building society, has cut fixed rates on its buy-to-let mortgages by up to 0.29 percentage points, effective tomorrow . It has a five-year fix at 75percent LTV at 5.01percent for remortgage customers. It will also offer a five-year fix at 5.31percent for remortgage and purchase, also at 75percent LTV. It has a 1,995 fee, but this deal has no early repayment penalties.
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- Yorkshire building society has cut rates on fixed and tracker rate products by up to 0.41 percentage points.
Specialist buy-to-let lender Landbay has cut fixed rates and will offer sub-5percent fixed rates among its product range. It has a two-year fixed rate (65percent LTV) for standard BTL remortgage at 4.84percent, with a 6percent arrangement fee. TSB has cut residential fixed rates for new and existing customers by up to 0.3 percentage points and is offering a five-year fixed rate deal for purchase at 4.89percent, effective from tomorrow .
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The equivalent two-year first time buyer fixed rate is now 5.84percent (down 0.35 percentage points). Coventry for Intermediaries, the broker arm of Coventry building society, is cutting selected residential rates by up to 23 percentage points. It has also launched 50percent LTV products for new and existing customers.
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