Changes to the intermediary exclusive buy-to-let product range include Two-year fixed rate at 50% LTV at 1.95%, remortgage only, with a GBP1,995 product fee, and GBP500 cashback; two-year fixed rate at 60% LTV at 2.19% with a GBP995 product fee and GBP500 cashback; five-year fixed rate at 50% LTV at 2.89%, remortgage only, with a GBP1,995 product fee and GBP500 cashback; and a five year fixed-rate at 60% LTV at 2.99% GBP1,995 product fee, and GBP500 cashback.
Mortgage borrowers are falling victim to a government policy adopted years earlier to encourage banks to extend fixed-rate loans amid declining policy rates.
Fixed rate deals edge up BORROWERS searching for a fixed-rate mortgage deal will find that some lenders' rates have started to edge up, experts have warned.
They need a rate of 2.76% on savings to benefit in real terms, rising to 3.68% for higher-rate taxpayers, according to MoneySupermarket.com For basic-rate taxpayers, there are now four easy-access accounts, 16 cash Isas, 144 fixed-rate bonds, 61 fixed-rate Isas and 19 notice accounts which beat the effect of inflation.
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