This includes its remortgage at 60 per cent LTV, which is fixed for five years. This now has a rate of 4.33 per cent, down from 4.43 per cent.
The same reduction has been made to its green remortgage which is also a five-year fix at 60 per cent LTV. This now has a rate of 4.28 per cent.
The bank’s two and five-year switcher rates have also been reduced.
Natwest has added a range of deals across its remortgage, tracker remortgage and green remortgage offering. This includes two and five-year fixed deals which offer £250 cashback. More than 30 deals have been added to the range.
Molo Finance
Molo Finance has cut rates on its five-year fixes and pricing now starts from 5.69 per cent.
Changes apply to its 75 per cent LTV option which has seen a rate cut of 0.7 per cent for individual borrowers and one per cent for limited companies.
Five-year fixes for homes in multiple occupation (HMO), holiday let, new build and investor-led mortgages start from 5.99 per cent on products up to 75 per cent LTV.
Molo Finance has also replaced the five-year fixed deals up to 80 per cent LTV, for individuals and limited companies with lower rate products. These are available for first-time and portfolio landlords.
Its tracker and variable rate mortgages remain unchanged and still start from 5.49 per cent.
Francesca Carlesi CEO and co-founder of Molo Finance, said: “The speed and frequency of interest rate rises have led to issues for many landlords obtaining the right financing for their properties.
“By reducing our five-year fixed rates, we have provided a solution for those landlords who would like the stability of a fixed rate and have been adversely affected by the stress testing and increases in the Bank of England base rate.”
