HSBC, TSB, Mpowered and Suffolk Building Society are set to reduce rates tomorrow, following on from the announcement that Foundation and Fleet mortgages are repricing today.
TSB
The new rates from TSB include:
Residential rates with new deals will start from 3.79%.
Up to 35 basis points off five-year fixes up to 85% LTV for purchase.
On two-year fixes up to 80% LTV for purchase rates are falling by up to 25bps.
Two and five-year remortgage deals up to 80% LTV are being cut by up to 15bps and additional borrowing rates by up to 20bps.
HSBC
HSBC have not yet announced full details of its cuts, but rates will be lowered across it residential packages, along with some buy-to-let products at a range of different LTV tiers tomorrow.
Mpowered
Rates are being cut by up to 27bps, with some three and five-year fixed rates falling below 4%.
A five-year fix at 60% LTV will be cut to 3.87% with a £999 arrangement fee or 3.97% with no fee.
Three-year fixed rate mortgages at 60% LTV are being cut to 3.99% with a £999 fee and 4.17% with no fee.
Two-year rates at 60% LTV have been cut to 4.24% with a £999 fee and 4.44% with no fee.
Suffolk Building Society
Rates are being cut by up to 20bps on five-year fixes for purchase or remortgage.
A five-year fix at 80% LTV will drop by 20bps to 4.79%, max loan £2m and an interest-only version, up to £750,000 will reduce to 5.09%.
At 90% LTV a five-year fix will fall by 20bps to 4.99% up to a maximum loan of £500,000.
Suffolk is also reducing a 95% LTV five-year fix by 10bps to 5.29%
Buy-to-let cuts from today
Fleet has introduced the following rates starting today, September 12:
Rates are being cut by between 15 and 30bps on standard and limited company buy-to-let deals at 75% LTV.
A two-year fix with a 3% fee is now 4.69%, down from 4.99%.
A five-year fixed rate, with no fee, is now 5.74%, down from 5.89%
The new rates introduced by Foundation include:
A new F1 five-year fixed rate for professionals up to 65% LTV is 5.74% with a £995 fee and £350 cashback.
There will now be interest-only options on professional products.
A new F1 green five-year fix with a 1.25% fee, free standard valuation and no application fee at 5.54% up to 75% LTV in its buy-to-let range.
Its F2 large portfolio five-year fix at 70% LTV with a 1.25% fee, free standard valuation and no application fee has come down by 20bps to 6.29%.
