Two more lenders announce cuts in mortgage rates
Following on from HSBC and Halifax slashing their rates last week, Barclays and Santander have just released information on rate cuts
Our mortgage adviser is updating us daily to the significant changes in the mortgage market.
Last week we saw HSBC and Halifax make big moves. Now Barclays and Santander are slashing rates.
Barclays, from tomorrow cuts of up to 0.5% will apply, including:
- Two year fixed with 60% loan to value - down from 4.62% to 4.17%
- 75% LTV down from 4.7% to 4.2%
- 95% from 5.8% to 5.5%
Santander has announced cuts to rates on a number of products from tomorrow. They will reduce standard residential fixed rate mortgages by up to 0.82% for new customers.
This means a 60% LTV five year fixed rate will be available from 3.94%.
The same deal, but for remortgages, will be available from 3.89%.
Buy-to-let two and five year fixed rates will go down by up to 0.56%.
The news is changing daily, if you are looking to buy or remortgage we recommend speaking to Kingsgate Partners who work with these mentioned lenders plus many more. They can advise you of rate changes as they happen to make sure you have access to the best rates.
Contact us on sales@newboulds.com or 01932 232927 to speak to the mortgage advisers from Kingsgate Partners.