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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