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The Bank of Ireland will reprice its residential rates with prices falling below 5% at two-, three- and five-year terms, from tomorrow (29 November). The lender says 60% loan-to-value two-year fixed-rate deals start at 4.97%, three-year fixes at this level begin at 4.87%, and five-year fixes start at 4.69%. At
Principality Building Society will cut residential and landlord rates by up to 23 basis points, while Bath Building Society has repriced loans across its home purchase, rent a room and buy-to-let ranges. The Cardiff-based mutual says its reductions, which take effect tomorrow (28 November), cover: Residential
From tomorrow, Britain's biggest building society will slash its mortgage rates by up to 0.43 percentage points across its fixed rate deals.
The charge will pay for things like a gym, security and storage - but I am worried the extra monthly expense will mean I can no longer qualify for my mortgage.
British lenders have accelerated price cuts on mortgages as competition intensifies, inflation slows and markets increase bets on future Bank of England (BoE) interest rate cuts. Average rates on fixed-rate mortgage products have fallen by more than 0.5 percentage points since peaking in July, Moneyfacts data shows, even before the BoE starts to reduce the benchmark rate that underpins borrowing costs. The latest inflation data on Wednesday showed price rises in Britain fell faster than expected in October, plunging to 4.6% from 6.7% the prior month, leading to further investor bets on BoE r...