Limited edition buy to let deals and further cut rates announced

Aldermore has launched new limited edition rates on its buy to let range of products, while Halifax Intermediaries is cutting rates on its first-time buyer range by up to 0.30% and Accord reduces its five-year fixed rates.

Aldermore’s new limited edition buy to let range is now available. A five-year fixed rate of 3.25% (4%APR) is being offered by the lender on mortgages from 70% to 80% loan to value (LTV).

Available for purchase and remortgage, the new limited edition products come with an arrangement fee of 1.5% and a booking fee of £199. The maximum loan sizes allowed are £1m at 70% LTV, £600,000 at 75% LTV and £400,000 at 80% LTV.

As from today, Halifax Intermediaries will cut the rates on its two- and five-year 90% LTV first-time buyer residential mortgages by up to 0.30%.

Rates now start at 3.19% (3.98%APRC) and will apply to affordable housing shared equity / shared ownership products. The lender’s 1% cashback incentive of up to £2,000 for first-time buyers will also still apply.

The cashback incentive, which applies to new build, affordable housing and Government Help to Buy schemes, allows first-time buyers to claim repayment of 1% of their total loan (up to £2,000) within 30 days of their mortgage completing. Intermediary-only lender, Accord Mortgages is also cutting rates on its residential mortgages, by up to 0.15%.

The lender, which is part of Yorkshire Building Society Group, has reduced the rates on its five-year fixes at 75%, 80% and 85% LTV.

The rate on its 85% LTV five-year fix is available for house purchase and remortgage. A fee of £845 applies.

Accord has also made cuts of up to 0.15% to its two-year fixed rate mortgages, with one now on offer at 1.99% (5.24%APRC). The deal carries a £845 fee, £250 cashback on completion and free standard valuation.


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