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It’s available for borrowers with at least a 40percent deposit towards their purchase. Barclays has also announced rate cuts to best 400 first deposit bonus online casino selected fixed and tracker rate deals for residential and buy-to-let borrowers from tomorrow . Together Mortgages, the BTL Lender, has cut selected deals across its two- and five-year fixed rates for landlords. Mpowered Mortgages has cut rates on its three-year fixed rate mortgage deals up to 90percent LTV.
- However,Halifax for Intermediariesis bucking the trend by reducing selected mortgage deals, also from tomorrow morning.
- Santanderhas cut a range of its residential and buy-to-let fixed rate deals by up to 0.21 percentage points, effective from tomorrow .
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Buy-to-let fixed rate deals reduced by between 0.04 and 0.2 percentage points. Major lenders have been shaving prices in recent weeks as swap rates have fallen and it’s Barclays’ second reduction to fixed rates in as many weeks. Barclays has cut the cost of fixed rate mortgages for new residential and buy-to-let borrowers by up to 0.2 percentage points, writes Jo Thornhill.
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Hundreds of mortgage deals have been pulled by lenders over the past week, according to data from Moneyfacts, writes Mark Hooson. Meanwhile, Clydesdale Bank has withdrawn select remortgage and new customer deals at up to 75percent LTV. UK Finance’s quarterly Household Finances Review shows mortgage borrowing was significantly reduced at the start of the year, with consumer confidence rocked by rising rates and inflation. At the same time, HSBC is increasing its standard variable rate for buy-to-let customers from 7.10percent to 7.35percent.
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Tomorrow the lender will relaunch its fixed rate mortgage range for new customers. It is expected the rates will increase by a similar margin to those for existing customers. The deals for new business were withdrawn at the end of last week.
