To support the borrower’s approaching end of existing transactions, the selected tax rate was reduced by 0.35% nationwide, with the highest selection switching rate as high as 0.13%.
Additionally, lenders will reduce the selected rates for new and existing customers by up to 0.10%. The new price will take effect from February 14.
New interest rates include, for cashing out: in two, three, five-year fixed-rate products, up to 0.35% lower, up to 95% LTV, with prices starting at 4.12%.
These include: 5-year fixed interest rate of 60% LTV, £1,499 fee of 4.12% and £999 fee of 4.17% (both reduced by 0.07%)
£1,499 fee is 60% LTV’s two-year fixed interest rate is 4.24% and £999 fee is 4.29% (both reduced by 0.15%)
LTV 60% has a two-year fixed rate of 4.63% (0.16% reduction).
LTV 90% two-year fixed rate no-fee fee of 5.49% (0.35% reduction)
Switcher (end of current mortgage transactions for existing national clients): Up to 0.13% reduction in selected two-year, three-year and five-year products, up to 90% LTV, with interest rates starting at 4.12%.
These include: a five-year fixed interest rate of 60% LTV, a fee of £999, which is 4.12% (a 0.06% reduction). Two-year fixed interest rate of 60% LTV, with a fee of £999, at 4.24% (down 0.13%)
Additionally, selected rates for its new and existing client moving mortgages have been lowered nationwide.
New Clients for Moving: Up to 90% reduction in two-year fixed-rate products LTV, including: 60% LTV for two-year fixed-rate, £1,499, 4.22%, £4.27% (both reduced by 0.06 %).
£999 fee is 80% LTV’s two-year fixed interest rate is 4.64% (0.10% reduction)
Existing Customer Moving: Up to 90% reduction in two-year fixed-rate products, including: 60% LTV for two-year fixed-rate, 4.22% for £1,499, and £4.27% percentage (both reduced by 0.06%) and Fixed interest rate of 4.64% (0.10% reduction) at 80% LTV (£999) fee)
