Santander, NatWest and Coventry BS trim rates – round-up
Santander has reduced buy-to-let (BTL) and residential mortgage rates, primarily impacting higher loan-to-value (LTV) bands.
For homemovers and first-time buyers, rates have been reduced for selected two-, three- and five-year fixes at 90% and 95% LTV by up to 0.05%.
Residential remortgage rates have been reduced by as much as 0.2% across two-, three- and five-year fixed rates from 60% to 90% LTV.
Santander has also reduced new-build mortgage rates for homemovers and first-time buyers.
Elsewhere, cuts of 0.1% have been made to BTL remortgage rates between 60% and 75% LTV.
Changes take effect from 12 November.
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NatWest cuts pricing on nearly 200 mortgages
NatWest has reduced residential and BTL mortgage rates, with changes taking effect from 12 November.
The BTL cuts range from three to 15 basis points (bps) and apply to NatWest’s two- and five-year fixed purchase deals, as well as two- and five-year fixed remortgages.
One product has seen a significant increase, with its two-year fixed BTL purchase at 75% LTV with a £3,999 fee rising by 0.43% to 4.16%.
Residential rates have been reduced by up to 0.2%, including first-time buyer, remortgage, purchase and green mortgage products.
Coventry BS cuts resi and BTL mortgage rates
Coventry Building Society has reduced mortgage rates across its residential and BTL deals.
All two-year fixed rates at 65-90% LTV will be reduced, excluding the first-time buyer exclusive with a fee, as well as all two-year fixed rates at 95% LTV, excluding purchase and first-time buyer exclusives with no fee.
Coventry Building Society will also cut all three- and five-year fixed rates for new residential borrowers.
For existing borrowers, all two-year fixed rates, excluding the exclusive rates at 95% LTV with no fee, will be cut, as will all three- and five-year fixed rates.
BTL and limited company BTL changes include cuts to all two-year fixed rates and all five-year fixed purchase rates, excluding limited company exclusives at 75% LTV with a £1,999 fee and no fee.
Further, all five-year fixed remortgage rates will be cut, excluding limited company BTL exclusive deals at 75% LTV with a £1,999 fee.
For existing BTL borrowers, all two-year fixed rates will be cut, and all five-year fixes except for limited company BTL exclusives at 75% LTV with £1,999 fee and no fee.
