Zephyr Homeloans is lowering rates on its two-year mortgage merchandise by 15 foundation factors (bps) and by 10 bps on its five-year mortgage merchandise.
The adjustments from the specialist buy-to-let (BTL) lender has resulted within the following for two-year, mounted mortgage merchandise: 2.54% on a two-year, mounted fee, customary mortgage as much as 65% LTV, with a 7% charge; 2.54% on a two-year, mounted fee mortgage for brand spanking new builds and flats above business properties as much as 65% LTV, with a 7% charge; and 2.69% on a two-year, mounted fee mortgage for HMOs (homes of a number of occupancy) and MUFBs (multi-unit freehold blocks) as much as 65% LTV, with a 7% charge
New rates on five-year mounted mortgage merchandise embody: 4.39% on a five-year, mounted fee, customary mortgage as much as 65% LTV, with a 7% charge; 4.39% % on a five-year, mounted fee mortgage for brand spanking new builds and flats above business properties as much as 65% LTV, with a 7% charge; and 4.49% on a 5 -year, mounted fee mortgage for HMOs and MUFBs as much as 65% LTV, with a 7% charge
Zephyr mentioned that its mounted fee mortgage merchandise are additionally accessible with a 0% or 3% charge choice.
Monmouthshire Building Society has additionally introduced rate of interest cuts across its remortgage vary.
The society is lowering rates across six remortgage merchandise in its remortgage vary, with the bottom new lending fee now standing at 3.99%
The merchandise embody a two-year mounted fee residential remortgage 75% LTV – 3.99%; a two-year mounted fee residential remortgage 90% LTV at 4.35% (lowered by 0.10%); and a five-year mounted fee residential remortgage 90% (lowered by 0.10%), each of which at present present aggressive rates for patrons trying to remortgage.
