News
Paragon Bank reduces BTL mortgage rates across selected 5-year fixed products
The changes apply to landlords looking to buy or remortgage single self-contained properties, HMOs and multi-unit blocks (MUBs).
5-year fixed rates
News
ModaMortgages launches limited edition 5-year fixed rate products with free valuations
The specialist lender’s new range includes products suitable for single dwelling properties with rates starting from 5.14%.
News
Fleet Mortgages reintroduces zero-fee and fixed-fee 5-year fixes
Both products have a £25,001 minimum loan option, while the fixed-fee mortgage has a maximum loan size of £750k.
News
Suffolk Building Society reintroduces 5-year fixed mortgages and BTL products
The products are available for purchase and remortgage, each with a £199 application fee and a £999 completion fee.
News
Perenna bolsters product suite with launch of 5-year fix
The announcement follows the rollout of Perenna’s new 7-, 10-, and 15-year fixed rate products as the lender responds to market demand.
News
Foundation Home Loans launches Limited Edition BTL 5-year fix and reduces 2-year rate
Foundation said the updated range is designed to support brokers working with landlords who may have delayed decisions ahead of the recent Budget.
Buy-to-let Mortgages
Landbay reduces 5-year fixed rates across Premier product range
The largest reduction is 0.15% on the Premier 5-year fixed products at up to 75% loan-to-value (LTV).
News
5-year fixes still most popular among BTL landlords – Landbay
The survey found 57% would opt for this product, down from 71% last year.
News
2-year fixed rates falls below 5-year for first time since 2022 – Moneyfacts
At the start of this month, the average 2-year fixed rate stood at 5.00%, just under the 5-year rate at 5.01%.
News
West Brom reduces 5-year fixed mortgage rates and reintroduces interest-only options
The society’s 5-year fixed rate has reduced by 0.28% to 4.40% with a £999 fee, while an alternative no-fee option is also available at 4.51%.
Residential Mortgages
2-year and 5-year fixed mortgage rates rise week-on-week – Rightmove
Despite this, rates were lower than a year ago, with the 2-year fix down by 0.78% and the 5-year fix down by 0.45%.
News
Homeowners face £510 monthly rise as 5-year fixed mortgage deals end – Compare the Market
Monthly payments could jump from £766 to £1,277, with the average SVR now at 7.13%, up from fixed rates of 2.11% in 2020.