NatWest reduced mortgage rates across multiple products for new and existing borrowers, with cuts including its first-time buyer two-year fix at 90% LTV falling from 5.56% to 5.35% (fee-free) and from 5.15% to 5.05% (£995 fee), its 60% LTV purchase two-year fix dropping from 4.78% to 4.59% (£995 fee), and further advance rates falling by up to 16bps, with reductions also applied to buy-to-let and Help to Buy products.
Newcastle for Intermediaries launched a new range of Bank of England base rate tracker mortgages, with variable rates starting at 4.55%, available for residential borrowers at up to 80% LTV, interest-only, buy-to-let, and Enhanced Plus products, featuring no early repayment charges.
Shawbrook launched a dedicated Purpose-Built Student Accommodation (PBSA) financing proposition for experienced landlords, offering loans from £500,000 to £35 million at rates starting from 5.99%, up to 75% loan-to-value on interest-only facilities, and terms of up to 25 years. The lender also reduced rates by up to 25bps across selected specialist buy-to-let products, with single let rates on loans between £150,000 and £2.5 million now starting from 4.84% and HMO and multi-unit freehold block products of up to 10 units now starting from 4.89%.
The Mortgage Lender launched a limited-edition five-year fixed buy-to-let rate starting from 4.74%, available with 2% or 5% completion fee options and a free valuation, while also cutting rates by up to 15bps across selected two-year and five-year fixed products — bringing five-year fixed HMO rates to 5.06% — and eliminating its £150 application fee on all expat products and enhancing its multi-loan offering.
The Mortgage Works introduced three new two-year tracker buy-to-let products — priced at 4.19% and 4.29% with a 1% fee, available up to 65% LTV for purchase, remortgage, and existing customer switcher options — while simultaneously cutting rates by up to 15bps on selected two-, three-, and five-year fixed-rate products across its buy-to-let and let-to-buy ranges, with examples including a five-year fixed-rate buy-to-let at 4.39% (down 15 bps, 3% fee, up to 75% LTV).