Suffolk BS, Atom bank, The Mortgage Lender, Pepper Money, Keystone Property Finance, and MPowered Mortgages announce reduced rates
Several lenders have announced rate reductions across their mortgage offerings, providing a wider range of residential, buy-to-let, and specialist mortgage options for borrowers.
Suffolk Building Society has trimmed rates on its five-year fixed-rate residential mortgages, cutting rates by 10 to 20 basis points (bps).
The reductions include products at 80% to 95% loan-to-value (LTV), with the 95% LTV product now offered at 5.29%, down 10bps.
Digital lender Atom bank has also announced cuts to both its Prime and Near Prime mortgage ranges.
Prime products at 95% LTV were reduced by up to 15bps, while rates on Near Prime products were slashed by up to 25bps. These reductions coincide with the bank’s recent rebrand and launch of a new broker website to simplify access for intermediaries.
Similarly, The Mortgage Lender (TML) has lowered rates on its five-year fixed buy-to-let mortgages, with standard BTL products starting at 4.71%, down from 4.86%.
Additional reductions apply to its Portfolio Multi Loan, expat, and holiday let products, with rates for houses in multiple occupation and multi-unit blocks starting at 4.96%.
Specialist lender Pepper Money has also introduced significant rate cuts across its product range, reducing two-year fixed rates by up to 1% and five-year fixed rates by up to 0.74%.
The Pepper48 range, designed for customers with variable income or credit issues, now offers two-year fixed rates starting at 6.69% and five-year fixed rates as low as 5.59%. Shared ownership products have also seen cuts, with rates now starting at 6.09% for five-year fixes.
See LinkedIn post here.
Meanwhile, Keystone Property Finance has marked its sixth anniversary by cutting rates across its standard, specialist, expat, and holiday let product ranges.
The reductions of up to 25bps bring standard rates down to 4.04%, with expat and holiday let products now starting at 4.64%.
See LinkedIn post here.
Lastly, MPowered Mortgages has made cuts to its two-, three-, and five-year fixed rate mortgages, with rates now falling below 4% for some products.
Its five-year fixed rate at 60% LTV has been reduced to 3.87% with a £999 arrangement fee. These reductions apply across all LTV bands for both remortgages and new purchase customers, with notable drops in the three-year fixed rates to 3.99% with a fee.
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