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The Bank of England has opted once again to hold the base rate at 5.25%, which will reinforce the belief that we have reached the peak for interest rates.
Offers for homeowners may look improved but deals are likely to come with huge percentage-based product fees
NatWest has cut landlord stress rates, and reduced a range of residential and buy-to-let prices for new and existing borrowers by up to 40 basis points. The high street bank says its BTL two-year fixes are reduced to 7.81% from 8.15%, its five-year fixes come down to 6.68% from 6.78%, while its like-for-like
Scottish Widows Bank will pull out of the house purchase and remortgage markets to focus on equity release loans later this month. The lender, which is part of the Lloyds Banking Group, says that from 17 November it “will no longer accept purchase or remortgage applications for new customers”. It adds that any
Barclays has cut selected rates across home purchase and reward ranges by as much as 26 basis points, while HSBC will reprice residential and landlord deals. Highlights among Barclays residential purchase product changes, that come to market tomorrow (1 November), are: Two-year fixes, with an £899 product fee, at