Principality Intermediaries will cut selected fixed-rate home loan rates by 20 basis points, lift other prices by as much as 40bps and launch landlord loans.
This comes as Family Building Society lowers residential rates by 20bps and launches five-year limited company landlord products.
The Cardiff-based mutual will tomorrow (Wednesday) cut two-year residential fixes at 90% loan-to-value by 20bps and see two-year joint borrower sole proprietor 90% LTV deals come down by 20bps.
While five-year residential 75% LTV fixes will rise by 36bps and five-year 75% LTV joint borrower sole proprietor products increase by 40bps.
The lender will introduce three buy-to-let loans:
- Two-year 60% LTV fixes, with a £2,499 product fee
- Two-year 70% LTV fixes, with £2,499 product fee
- Two-year 75% LTV fixes, with £2,499 product fee
Meanwhile, Family Building Society has launched a range of reduced rate owner occupier and buy-to-let products by up to 20bps.
The society has also introduced two-year interest-only variants for loans over £500,000 and up to £4m available on a semi exclusive basis.
Two-year fixed rate owner occupier interest-only products have been lowered by 10bps, while five-year rates have been cut by 5bps. It has also reduced its two-year joint borrower sole proprietor product by 25bps.
Two-year rate owner occupier repayment fixes have gone down by 20bps, while five-year rates have been reduced by 5bps.
Family Building Society’s UK landlords two-year fixes has been cut by 15bps and the five-year equivalent has been trimmed by 5bps.
It has also reduced its five- and two-year limited company fixes by 15bps.
For limited company landlords, the society has added new five-year BTL fixes, with a 3% product fee available for purchase and remortgage applications.
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