BM Solutions is reducing the rates on its buy to let and let to buy deals, while NatWest has launched new Help to Buy products and is revising the rates on its core range of buy to let and residential mortgages.
As from today, Thursday 28 July, BM Solutions will reduce the rates on all its two-year 75% loan-to-value (LTV) fixed and tracker mortgages by 0.15%. The revision applies to both buy to let and let to buy products.
The lender has also applied a 0.10% reduction to both its three-year fixed, 75% LTV buy to let mortgages and its five-year 60% and 75% LTV fixed rate products.
NatWest has also reviewed it product offering, launching new Help to Buy deals and changing the rates on its buy to let and residential mortgages.
Its new Help to Buy deals include two-year fixed rates from 1.74% for a 60% LTV mortgage (APRC 3.7%, SVR 4.0%), as well as five-year fixed rates from 2.47% for a 60% LTV mortgage (APRC 3.7%, SVR 4.0%). A £995 product fee applies to both deals.
The lender’s changes to its Intermediary Solutions semi-exclusive buy to let product range are extensive and see reductions to its two and five-year fixed rates and increases to its two-year tracker deals, applicable to both purchase and remortgage products.
Lastly, NatWest has reduced the rates on its two and five-year fixed Intermediary Solutions semi-exclusive residential product range, while increasing the rates on its two-year residential tracker deals.
Rates now start at 1.33% (APRC 3.7%, SVR 4.0%) for a two-year fixed 60% LTV residential mortgage whereas its two-year residential tracker rate has risen from 1.29% to 1.49% (APRC 3.8%, SVR 4.0%)(NatWest Bank Base Rate +0.99%) for a 60% LTV residential mortgage. Early repayment charges apply.
29th July 2016