Halifax will cut residential fixed-rate quotes by up to 31 basis points, while Landbay launches four landlord products.
High Street lenders in broker notes said high street lenders who did not provide other details said Friday’s product transfers and further advance payments would be reduced by 31bps.
It added that the selected Fixture will reduce up to 25bps.
Meanwhile, Landbay today added its limited edition purchase range and offered new loans to small houses with multiple occupations and multiple units freeholds.
Quartet deals can reach up to 75% of the loan to value, with loan sizes ranging from £150,000 to £500,000.
They serve as a five-year restoration with a starting point of 5.09%, including purchase and re-loan options.
- Limited Edition Small House in Multi-Professional/Multi-Unit Freehold Block is 75% LTV’s five-year fixed at 5.49% and 3% fee
- Limited Edition Small House in Multi-Professional/Multi-Unit Freehold Blocks is 75% LTV is 5.09% and 5% Fee
- Product transfers small houses in multiple occupations/multi-unit freehold blocks are 75% LTV’s five-year fixed at 5.49% and 3% fee
- Product transfers small houses in multiple occupations/multi-unit freehold blocks are 75% LTV’s five-year fixed at 5.09% and 5% fee
Rob Stanton, Director of Sales and Distribution at Landbay, said: “The demand for multi-unit property will only continue to grow given the pressures in the residential market and the increasing number of students with temporary workers and foreign nationals.”
“Another important addition to our product transfer proposition further demonstrates our commitment to developing and expanding the scope of this valuable product.”
