The fixed interest rate for mortgage lenders and residential products will lower up to 25 basis points and expand the scope of brokers who can access their limited loans.
The professional lender said it has lowered the selected rates in its BTL range by 15 basis points.
This includes several of the five-year standard fixes for 5 BPS, which are proposed in five-year homes in multiple career transactions and 10bps in five-year contracts and their five-year homes in multiple career expenses.
- Five-year 75% LTV fee range up to £500,000
- Five-year 75% LTV percentage fee range is 2%, 3% and 5%
- 75% LTV fee savings for five years, purchase and repay only
The lender has also expanded its five-year distribution access to 75% of its loans to Value Limited Edition Multi-Loan products, which are now available to all mortgage brokers.
The company also reduces the chances of up to 25 basis points to its residential range.
These include changes to the following two and five-year real life core scope:
- With cash back and free valuation incentives only, two and five years of real life core scope for purchase only
- The core scope of two and five years of real life is for cash back and free valuation incentives
The business also canceled valuation fees for all core products of LTV up to 75% – but those core products are still on its large loans.
“Our latest cuts in interest rates, as well as removing valuation fees for many products and expanding the distribution of BTL multi-loan products, will provide brokers with more options and flexibility,” said Chris Kirby, head of sales at the mortgage lender.
