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- While a handful of Barclays’ fixed rates for purchase will be reduced, the majority of the bank’s rate changes are upwards.
- The intermediary-only lender is offering a two-year fixed rate at 4.79percent (down from 4.94percent) for BTL purchase at 60percent LTV.
It has a five-year fix for remortgage at 4.99percent with a 995 fee (60percent LTV) or an equivalent deal at 75percent LTV at 5.29percent. Reliance Bank has cut rates on its mortgages for key workers by up to 1.09 percentage points. Among the highlights it is offering a two-year fixed rate for home purchase at 4.99percent (75percent loan to value) with a 1,499 fee and a fee-free two-year fix for borrowers with 10percent deposit at 5.7percent.
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HSBC cut rates on a number of mortgage deals on Wednesday – including its two-year fixed rate products. Nationwide, TSB, HSBC, Barclays have reduced rates on selected fixed-rate mortgage deals this week, offering a glimmer of hope to buyers faced with soaring rates writes Bethany Garner. Mpowered Mortgages has reduced the cost of its fixed rates across its prime residential range.
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