Mortgage

BM Solution Increases Price by 24bps, Halifax Lowers Selected Fixes – Staking Strategy

BM Solutions reduces the ratio by up to 0.24% in selected Buy (BTL) and Let-To-Buy products.

The fee for a loan-to-value (LTV) fixed at 1% has been reduced from 4.43% to 4.19%.

In the same range, the green five-year fixed on 50% LTV, with a 1% fee, reducing 0.24% to 3.99%.

The minimum loan for both products is £150,000 and the maximum loan is £20 million.

Additionally, the five-year fixed LTV at 65% cost £1,499 has been reduced by 0.20% to 4.26%. This can range from £25,000 to £1 million.

Lenders also lowered interest rates on their BTL purchase fixes. The two-year fixed 3% fee for 65% LTV has been reduced by 0.09% to 2.99%, while the same product (75% LTV) also dropped 0.09% to 2.89%.

Elsewhere, Halifax agency has renovated its home promoters, first-time buyers and cash-out products.

Lenders cut selected fixed-rate cashing products by up to 0.18%.

Additionally, a 0.07% reduction in selected fixed-price products across the range of home promoters and first-time buyers.

Last week, both BM Solutions and Halifax intermediaries lowered rates.

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