Mortgage price war sees lenders slash rates on buy-to-let properties
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The £182,354 average price for a property in a New Town stands at 6.1 times gross annual average earnings (£29,794), below the national average of 6.9. The improvement in affordability over the past.
Competition is hotting up among mortgage lenders as yet another two year fixed rate offering under 4 per cent is launched for homebuyers with a 10 per cent deposit. Marsden Building Society is the.
There has also been a drop in the average rates for both three-year fixed and five-year fixed buy-to-let mortgage products. The average three-year fixed rate buy-to-let mortgage product currently stands at 2.75%, down from 3.02% in January, while the five-year fixed is stood at 3.5%, down from 3.56% at the start of the year.
A host of high-street mortgage lenders have dropped their interest rates in recent weeks as mortgage lending picks up. Lenders such as Halifax, Barclays, Nationwide and HSBC have all launched new deals recently. Mortgage deals for people looking for five-year fixed rate deals are now on offer for less than 3%.
Banks slash interest rates on mortgages in fear of new lender Frank Money Independent.ie The expected approval of a new mortgage lender in the market is prompting existing banks to engage in a.
According to Mortgages for Business’ latest Buy-to-let Mortgage Product Index, the price of two- and three-year fixed rate buy-to-let mortgage products have dropped to an all-time low, with the average two-year fixed rate having dropped to just 2.92%, while the average three-year mortgage rate is now 3.76%, which partly explains why remortgaging levels in the sector has seen a surge in activity of late.
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The lender – one of the UK’s biggest buy-to-let mortgage providers – has also cut rates across its buy-to-let range by 0.15 percentage points and launched a fee-free two-year fixed rate at 2.14.
mortgage price war heats up as lender haven slashes rates for new and existing policy holders The lender’s new standard variable rate stands at 3.15 per cent, a drop of 0.25 per cent and the.
Mortgage lenders slash rates for borrowers with 5% deposits – A mortgage price war to attract first-time buyers with deposits as low as 5% is intensifying, with providers slashing their rates, analysis has found. The rate gap between the average two-year.
Mortgage prices wars mean buy-to-let landlords could save money by making the most of record low rates. Read more to find out how. Residential mortgage rates are falling to record lows as lenders become further entrenched in a mortgage price war.