On 4 April, Santander will lower two-year fixed rate first-time buyer mortgages at 60% loan to value (LTV) for new borrowers by as much as 0.07%, and some two-year fixed homemover rates at 60-75% LTV by as much as 0.09%.
All two-year fixed first-time buyer rates at 85-95% LTV will be reduced by up to 0.08%, while some two-year fixed residential remortgage rates at 60-75% LTV will be cut by as much as 0.07%.
All five-year fixed residential remortgages at 75% LTV will be cut by up to 0.1%.
Its new business large loan, new-build, buy-to-let (BTL) and tracker rates will remain the same.
Further, Santander will cut some two-year fixes at 60-75% LTV and all five-year fixed product transfer rates at 75% LTV by up to 0.1%.
Shawbrook is the specialist mortgage sector’s ‘best kept secret’ – Sard
Sponsored by Shawbrook Bank
At the end of last month, the bank lowered affordability rates in response to the Financial Conduct Authority’s (FCA’s) request to help customers borrow more.
Principality BS lowers mortgage rates
Principality Building Society has announced mortgage rate reductions, taking effect from 4 April.
It will lower three-year fixed residential mortgage rates between 65% and 80% LTV by up to 0.05%, five-year fixes at 90% LTV by as much as 0.12% and five-year fixes at 95% LTV by 0.3%.
For its residential mortgages with cashback, the five-year fix at 90% LTV will be reduced by 0.14%.
Its five-year fixed joint borrower sole proprietor (JBSP) mortgage at 90% LTV will see a rate cut of 0.08%.
Across shared ownership mortgages, the five-year fix at 95% LTV will be lowered by 0.29%.
Principality Building Society will reduce BTL product rates, including its five-year fixes at 60% LTV by up to 0.04%, five-year fixes at 70% LTV by 0.11% and the five-year fix at 75% LTV with a product fee by 0.02%.
Its five-year fixed holiday let mortgage at 60% LTV with a product fee will be lowered by 0.04%.
