You are here: Home - News -

TSB offers 10-year BTL; Newbury BS cuts rates on affordable housing deals — round up

by:
  • 09/03/2020
  • 0
TSB offers 10-year BTL; Newbury BS cuts rates on affordable housing deals — round up
TSB has introduced 10-year fixed rates to its buy-to-let mortgage range while trimming rates on selected deals.

 

TSB has introduced buy-to-let ten-year deals up to 75 per cent loan to value (LTV). Rates start at 2.44 per cent with an arrangement fee of £1,995 for landlords with a 40 per cent deposit.

Landlords can choose different arrangement fee options of £995 and £0 which will increase the rate. Early repayment charges apply for the full ten years.

The bank has also cut rates on some buy-to -let products by up to 25 basis points, and on selected residential deals by between 0.5 and 0.10 per cent.

Highlights from the largest rate cuts are the buy to let three and five-year fixed rates up to 75 per cent LTV for purchases and remortgages.

Some residential five year deals have been increased by 0. 5 per cent.

Newbury Building Society has cut the fixed and variable interest rates of its affordable housing product range. The mutual has cut its two and three-year shared ownership fixed rates available up to 95 per cent LTV from 3.39 per cent to 2.99 per cent.

Also on the shared ownership range, it has cut its five-year fix from 3.79 per cent to 3.39 per cent and its three-year discount from 2.99 per cent to 2. 59 per cent.

Its Help to Buy three-year fixed rate, available up to 75 per cent loan to value has been reduced from 1.99 per cent to 1.89 per cent.

This price cut follows the society’s recent decision to open the 95 per cent LTV three-year and five-year fixed rate and the 95 per cent LTV three-year variable shared ownership products to existing borrowers and those looking to remortgage to the Newbury.

There are 0 Comment(s)

You may also be interested in

Read previous post:
Biggest lenders cut borrowing costs ‘despite ever-tightening margins’ – Moneyfacts

The UK’s 10 biggest lenders have dropped the cost of mortgages further since the start of the year, despite pressure...

Close