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Halifax lowers PT and further advance rates; TMW cuts BTL pricing – round-up

Halifax has made reductions of up to 0.32% across its further advance and product transfer deals.

Halifax’s changes apply from today. 

Pricing across the range is personalised and brokers can view options when they submit a mortgage enquiry on behalf of their client. 



Halifax has made several adjustments to its mortgage products and, earlier this month, lowered rates below 4%. Halifax has also updated its non-sterling income and shared ownership criteria to accept a wider range of currencies. 

 

The Mortgage Works lowers BTL new business rates 

The Mortgage Works will reduce select buy-to-let (BTL) new business rates by up to 0.1%, with pricing starting from 3.49%. 

Within its BTL new business range, its two-year fixed purchase and remortgage deal at 75% loan to value (LTV) will decrease by 0.1% to 4.64%. This is subject to a £1,495 fee. 

The firm’s five-year fixed purchase and remortgage rate at 75% LTV with a £1,495 fee will go down by 0.05% to 4.29%. 

Within its BTL new business limited company range, the two-year purchase, remortgage and further advance fixed rate at 75% LTV with a 3% fee will be reduced by 0.05% to 4.79%. 

Joe Avarne, senior manager of BTL mortgages at TMW, said: “TMW is committed to providing landlords and brokers a broad range of options to meet their varying needs. These latest reductions continue to make The Mortgage Works one of the most competitive providers of buy-to-let mortgages in the sector with rates starting from 3.49%.” 





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