Metro Bank, Halifax, Coventry and Together have all made revisions to their residential mortgage offerings.
Metro Bank has reduced its five year fixed residential mortgage products by up to 0.30 percentage points. Five year fixed rates now start at 1.99% (3.35% APRC) available at 65% LTV.
Halifax Intermediaries has announced that it will be offering £1,000 cashback to first-time buyers on qualifying mortgages. Halifax say that this is to help first-time buyers handle the unexpected costs which occur when buying a home.
Halifax Intermediaries head Ian Wilson comments:
"First time buyers can often face unforeseen costs when they make their first move. We are committed to supporting first time buyers on to the property ladder, and this offer will go some way to helping with some of the extra outlays during what can be an expensive time.”
Coventry for Intermediaries
Coventry for intermediaries relaunched its range of three year fixed rate residential products. It is now offering a 2.19% (4.05% APRC) three year fixed rate at 65% LTV and a 2.35% (4.09% APRC) three year fixed rate at 75% LTV. Products are available up to 90% LTV.
Coventry's products come with no early repayment charges and no arrangement fees.
Together Money has introduced a five year fixed rate product for homebuyers up to 75% LTV with no early repayment charges. It has also reduced its first and second charge mortgage ranges by up to 0.72 percentage points.
Together now offer a first charge residential mortgage available at 60% LTV, and second charge products available at 70% LTV.
As well as lowering rates, Together has adapted its criteria to help applicants with different income streams such as self-employed applicants where the required tax calculations have been reduced to two years.
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24th August 2016