Multiple lenders reprice fixed residential and BTL deals
Halifax Intermediaries has lowered interest rates on select fixed rate mortgage products for homebuyers and first-time buyers.
The reductions, reaching up to 14 basis points, apply to two-year fixed rate products across various loan-to-value (LTV) bands.
Among the key adjustments, the two-year fixed rate with no fee at a maximum 90% LTV has been decreased by 13 basis points (bps) to 5.13%, while the equivalent product for borrowers with a 90-95% LTV has been dropped by 14bps to 5.41%.
For borrowers opting for a £999 fee product, the two-year fixed rate at up to 90% LTV has been slashed by 13bps to 4.87%, with the 90-95% LTV option has been cut by 14bps to 5.15%.
Fellow high street lender TSB has also implemented rate reductions across its residential mortgage range.
The bank has lowered the two-year fixed rate for first-time buyers and home movers with 85% to 90% LTV by 10bps. The three-year fixed rate for those with a 60% to 75% LTV has dropped by 5bps, while the five-year fixed rate for borrowers with 75% to 90% LTV have seen cuts of up to 10bps. In the remortgage segment, the two-year fixed rate at 60% to 75% LTV has been reduced by 5bps.
Meanwhile, fintech mortgage lender Gen H has also introduced a series of rate cuts, including reductions of up to 14bps across its core and homebuying bundle range and up to 30bps on its retention products. The lender has cut two- and three-year low LTV rates by 10bps and five-year low LTV rates by 14bps.
Retention products have seen reductions of 10bps for two-year low LTVs, 30bps for three-year low LTVs, and between 23 and 28bps on select five-year LTV bands.
Shariah-compliant bank Gatehouse has also announced rental rate reductions across its full range of buy-to-let products for UK expats and international residents. The bank has cut rental rates by 22bps on all standard and green two- and five-year fixed term products.
The reductions apply to individual applicants, UK-registered SPV limited companies, and those seeking financing for houses in multiple occupation and multi-unit freehold blocks.
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