Barclays and Accord mortgages have announced interest rates cuts.
Barclays’ existing clients within its residential scope have lowered interest rates, including a two-year fixed loan to 85% loan (LTV), with a minimum loan of £5,000 and a maximum of £2 million, down from 4.63% to 4.43%.
Five-year fixed fixed fees of 95% LTV, minimum loan of £25,000 and maximum loan of £570,000 will drop from 4.99% to 4.80%.
In addition, the product costs for green houses at £899 are 85% LTV, the minimum loan is £5,000, the maximum loan is £899, and the maximum loan of £20 million has been reduced from 4.19% to 4.02%.
In the balance alone, the two-year fixed product cost was £999, at 85% LTV, with a minimum loan of £5,000, and the maximum loan for the highest loan would drop from 4.75% to 4.39%.
The five-year fixed fee was £999, which was 85% LTV at the time, with a minimum loan of £5,000, and the maximum loan for the highest loan would drop from 4.60% to 4.20%.
The purchase and accounts fixed for two years is £1,999 for LTV with a minimum loan of £20 million and a maximum loan of £10 million, which will be reduced from 3.97% to 3.94%.
The two-year fixed fee was £1,999, at 75% of LTV, with a minimum loan of £2 million and a maximum loan of £5 million, which will also drop from 4.07% to 4.01%.
Within the existing client reward range, the residential EMC award is two years with a fee of 85% and a fee of £999, a minimum loan of £1,000, and the maximum loan for the highest loan will be reduced from 4.47% to 4.39%.
Five years of equivalent education has also dropped from 4.31% to 4.20%.
Meanwhile, Accord Mortgages revised its price within its purchase volume (BTL).
Only intermediary lenders have lowered rates on two- and five-year fixed terms, with their products having a 60% interest rate, 65% and 75% LTV down by 0.06%.
Highlights of the new series include a five-year fixed-rate mortgage of up to 60% LTV, available for home purchases, down from 4.12% to 4.06%, with a fee of £1,995 and a free valuation.
The two-year LTV that can be used for restoring liability up to 75% has also been reduced from 4.42% to 4.36%, charging £995 fee, free standard valuation and repayment of legal services, while the five-year LTV is fixed at 60% LTV, available for reselecting 4.16% below 4.22%, down from 4.22%, down from 4.22%, and down from 4.22%, and offers a range of £9995 and offers a range of £9995 and offers a range of £9995 and offers a range of £9995 and offers a range of £4.22% and offers a range of 5.22%.
The lender also extended the end date to November 30 to maximize the regular value of the broker and his clients’ products.
“We are excited to seize the opportunity of drop in swap rates, which allows us to refresh the range and increase the competitiveness of our products, thus providing better value options for landlord borrowers who may be looking for longer or shorter term,” said Cheryl Bleasdale, Accord Mortgage Product Manager.
