Among the new rates it is offering a two-year fixed rate at 5.19% for BTL purchase or remortgage (75% LTV) and a five-year fix at 5.64% (also 75% LTV). Leeds building society has cut selected BTL rates (for limited company BTL) by up to 0.45 percentage points. It is offering two-year fixed rates from 5.69%, three-year rates from 5.54% and five-year deals from 5.24%, all at 60% LTV and with a £900 fee. Its lowest five-year fixed rate for remortage is at 4.89% with a £3,999 fee (65% LTV).Ītom Bank, the app-based lender, has reduced selected fixed rates by up to 0.25 percentage points. Its two-year remortgage rate for BTL will start from 6.14% (65% LTV) with no arrangement fee (the rate is 5.84% with a £1,499 fee). It is offering a fee-free five-year fixed rate for BTL purchase at 5.41% (65% LTV) or a lower rate of 4.89% but with a £3,999 fee. The deals start from 5.08% with a £999 fee (60% LTV), rising to 5.64% (at 90% LTV), also with a £999 fee.īM Solutions, the BTL lending arm of Lloyds Banking Group, is cutting its fixed rate buy-to-let mortgage deals from tomorrow. Halifax has launched a range of three-year fixed rate deals for residential remortgage, available through brokers from tomorrow. TSB is also cutting fixed rates on its product transfer deals, for existing customers looking for a new rate, and deals for additional borrowing by up to 0.5 percentage points.Ī number of other lenders have made changes to their mortgage ranges: Two-year and three-year fixed rates for remortgage will start from 5.19% (60% LTV) with a £995 fee, while two-year fixed rates for purchase will start from 5.09% with a £995 fee (60% LTV). The bank, the 10th-biggest mortgage lender, will offer the new rates through brokers from tomorrow (20 October). TSB is cutting selected two and three-year fixed rates for new borrowers by up to 0.5 percentage points as it wades into the ongoing mortgage price war. You can also enter your details here to see what’s available on today’s marketġ9 October: Halifax Leads Clutch Of Lenders Trimming Borrowing Costs We have a suite of mortgage calculators to help you work out how repayments will affect your household finances, what you could save by remortgaging, and the beneficial impact of overpaying. Mortgage News: TSB Cuts Rates As Price War Shows Little Sign Of Abating You should always check with the product provider to ensure that information provided is the most up to date. While we work hard to provide accurate and up to date information at the time of publication that we think you will find relevant, Forbes Advisor does not and cannot guarantee that any information provided is complete and makes no representations or warranties in connection thereto, nor to the accuracy or applicability thereof.

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