The four-day bank holiday week and the general election seems to have slowed down lenders’ appetite for new rates, with just two lenders publicly releasing new rates this week.
Natwest Intermediary Solutions introduced a number of new 70 per cent buy-to-let mortgages for intermediaries, made rate cuts to its existing buy-to-let products and made cuts on its lower loan-to-value five-year residential deals.
Existing buy-to-let deals will see reductions of up to 44 basis points across the two, three and five-year fixed rate and two-year tracker products.
Paul Kane, acting head of sales, Natwest Intermediary Solutions said: “We have had a sustained focus on growing our presence in the buy-to-let sector and I would expect that these rate changes and the introduction of the new 70 per cent LTV deals will further enhance our proposition for mortgage advisers. ”
Earlier this week, Lloyds Bank cut rates on its two-year fixed rate mortgages for first-time buyers, homemovers and those looking to remortgage, taking some first-time buyer rates to their lowest levels in five years.
Here are the rates that were publicly announced this week:
Lender | LTV/Type | Headline Rate | Product Fee |
Lloyds Bank | 60%/2 year fixed | 1.24% | £995 |
Lloyds Bank | 60%/2 year fixed | 1.29% (remortgage) | £995 |
Natwest | 60%/2 year fixed | 2.24% (buy-to-let) | £1,995 |
Natwest | 60%/2 year fixed | 3.08% (buy-to-let) | £0 |
Natwest | 60%//3 year fixed | 2.72% (buy-to-let) | £1,995 |
Natwest | 60%/3 year fixed | 3.64% (buy-to-let) | £0 |
Natwest | 60%/5 year fixed | 3.49% (buy-to-let) | £1,995 |
Natwest | 60%/5 year fixed | 3.99% (buy-to-let) | £0 |
Natwest | 60%/2 year tracker | 2.78% (buy-to-let) | £0 |
Natwest | 60%/5 year fixed | 2.19% | £995 |
Lloyds Bank | 75%/2 year fixed | 1.89% | £0 |
Lloyds Bank | 75%/2 year fixed | 2.04% (remortgage) | £0 |
Natwest | 70%/2 year fixed | 2.75% (buy-to-let) | £1,995 |
Natwest | 70%/2 year fixed | 3.58% (buy-to-let) | £0 |
Natwest | 70%/ 3 year fixed | 3.22% (buy-to-let) | £1,995 |
Natwest | 70%/3 year fixed | 4.19% (buy-to-let) | £0 |
Natwest | 70%/5 year fixed | 3.85% (buy-to-let) | £1,995 |
Natwest | 70%/5 year fixed | 4.44% (buy-to-let) | £0 |
Natwest | 70%/5 year fixed | 2.58% | £995 |
Natwest | 75%/2 year fixed | 2.79% (buy-to-let) | £1,995 |
Natwest | 75%/2 year fixed | 3.75% (buy-to-let) | £0 |
Natwest | 75%/3 year fixed | 3.32% (buy-to-let) | £1,995 |
Natwest | 75%/3 year fixed | 4.45% (buy-to-let) | £0 |
Natwest | 75%/5 year fixed | 3.99% (buy-to-let) | £1,995 |
Natwest | 75%/2 year tracker | 2.49% (buy-to-let) | £1,995 |
Natwest | 75%/2 year tracker | 3.45% (buy-to-let) | £0 |
ruth.gillbe@ft.com