Two of the biggest high street lenders have today (26 June) cut prices on two-year mortgages, both tracker and fixed rates.
Nationwide is reducing two-year fixed rate products for those with smaller deposits by up to 0.25 per cent, as well as selected switcher rates for existing customers looking for a new deal.
Rates for 80 per cent loan-to-value start at 1.89 per cent, while for those with a 10 per cent deposit product rates start at 3.24 per cent.
Meanwhile, Halifax Intermediaries are giving first-time buyers and home movers a refund of their valuation fee, along with cutting rates by up to 0.40 per cent.
The refund valuation is available on two-year, no product fee, fixed products up to 85 per cent LTV.
The rate reductions include up to 0.10 per cent at 60 per cent LTV for home movers and up to 0.35 per cent for first-time buyers.
Elsewhere in the market this week, Paradigm Mortgage Services announced the launch of two new Marsden Building Society buy-to-let products, available exclusively to its members.
Both revert to the buy-to-let standard variable rate, currently set at 6.1 per cent and come with a booking fee of £399 and an arrangement fee of 0.5 per cent of the advance.
Finally, the Family Building Society has cut the interest rates on its three and five-year fixes. According to Moneyfacts, they are now the lowest available for borrowers seeking an LTV of up to 95 per cent.
Cammy Amaira, head of intermediary sales at the society, added: “As home ownership becomes an ever more distant dream for younger borrowers, that fact that we can offer loans up to 95 per cent of a property’s value is very significant and, with the benefit of offsetting, you won’t get a lower monthly payment anywhere on a 95 per cent loan.”
Here are all the rates that were publicly announced this week:
| Lender | LTV/Type | Headline Rate | Product Fee |
| Halifax Intermediaries | 60%/2-year tracker | 1.14% | £999 |
| Halifax Intermediaries | 75%/2-year tracker | 1.44% | £999 |
| Halifax Intermediaries | 75-80%/2-year tracker | 1.74% | £999 |
| Marsden Building Society | 75%/2-year discount | 2.99% (BTL) | £399 |
| Marsden Building Society | 75%/2-year fixed | 3.39% (BTL) | £399 |
| Ipswich Building Society | 75%/2-year discount | 3.59% | £999 |
| Nationwide | 80%/2-year fixed | 1.89% | £999 |
| Nationwide | 80%/2-year fixed | 2.29% | £0 |
| Nationwide | 80%/2-year fixed | 2.14% | £0 |
| Nationwide | 80%/5-year fixed | 2.79% | £999 |
| Nationwide | 80%/5-year fixed | 2.94% | £0 |
| Halifax Intermediaries | 80-85%/2-year tracker | 1.84% | £999 |
| Nationwide | 85%/2-year fixed | 2.29% | £0 |
| Nationwide | 85%/5-year fixed | 3.39% | £0 |
| Nationwide | 85%/2-year fixed | 2.09% | £999 |
| Nationwide | 85%/2-year fixed | 2.49% | £0 |
| Nationwide | 90%/2-year fixed | 3.24% | £999 |
| Nationwide | 90%/2-year fixed | 3.64% | £0 |
| Ipswich Building Society | 90%/2-year discount | 3.99% | £999 |
| Halifax Intermediaries | 90-95%/2-year fixed | 4.09% (Help to Buy) | £999 |
| Halifax Intermediaries | 90-95%/2-year fixed | 4.49% (Help to Buy) | £0 |
| Family Building Society | 95%/3-year fixed | 3.14% | £545 |
| Family Building Society | 95%/5-year fixed | 3.44% | £545 |
peter.walker@ft.com
