LoginSubscribe to Alerts

Mortgage bulletin for week commencing 8 September 

Posted 8 September 2014 by Keith Osborne

Rising house prices across the UK and competition for low interest rates among lenders continue to suggest that now is a good time to invest in property especially for those currently renting, looking to get on the housing ladder or buying to invest.

Skipton Building Society has lowered its mortgage variable rate (MVR) from 5.49% to 4.99% for residential loans and from 5.69% to 5.19% for buy-to-let, benefitting those with existing loans through the society or those looking to take out a loan. Kris Brewster, the society’s head of products, says: “This is great news for our customers with rates linked to our MVR or whose deals still revert to MVR.”

Skipton's latest 60% loan-to-value (LTV) mortgage deals include two-year fixed rate of 2.59% with no application or completion fees or 2.35% with fees of £495, a three-year fixed rate at 60% LTV of 2.88% with no application or completion fees or 2.55% with fees of £995 and a five-year fixed rate at 3.49% with no application or completion fees or 3.3% with fees of £995. A seven-year fixed-rate product at 90% LTV is being offered at 5.39% with no application or completion fees.

Leeds Building Society is reducing the rate of one of its fixed-rate mortgages to give more choice to borrowers looking to fixed-rate their repayments for the longer term.

The society has cut the rate of its ten-year fixed-rate mortgage up to 65% LTV to 4.19%. This deal comes with a low fee of £199 and additional benefits including a free standard valuation up to £335, and fees-assisted in-house legal services for remortgages. Leeds Building Society also offers a ten-year fixed rate product at 4.39% up to 80% LTV.

Martin Richardson, Leeds Building Society’s general manager for business development, says: “We expect the 4.19% ten-year deal to appeal particularly to homeowners with sufficient equity who are looking to remortgage.”

Santander is cutting rates by up to 0.25% across its residential mortgage range, to support homebuyers and remortgagers looking for a great fixed or tracker rate this autumn. The lender has reduced rates by up to 0.25% across its fixed-rate and tracker range, with the new rates on offer to both homebuyers and remortgagers including a two-year fixed-rate at 2.25% with a £995 fee, available up to 60% LTV, a two-year fixed-rate at 2.39% with a £995 fee, available up to 70% LTV, a two-year fixed-rate at 3.39% with a £495 fee, available up to 85% LTV, a five-year fixed-rate at 3.29% with a £995 fee, available up to 70% LTV.

Santander has also launched a new five-year fixed rate with a rate of 3.49% and no fee, which is available up to 70% LTV to both homebuyers and remortgagers.  

Click here to find out more about how whathouse.com can help you find the right mortgage.

20 February 2024
Bromford is working with The Mortgage People to advise homebuyers about the best way to a successful mortgage application...Read more
2 February 2024
Ben Thompson, deputy CEO at Mortgage Advice Bureau, shares his top tips to consider before buying a home with a sibling or friend...Read more
31 August 2023
We guide you to ensure the process of buying a second home for yourself or family is as straightforward as possible...Read more
Sign up for email alertsGet the latest properties and updates sent directly to your inbox daily, weekly or immediately you are in control.
Subscribe to Alerts
Search news and advice
Individual savings and affordability may vary.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP PAYMENTS ON YOUR MORTGAGE.

If you choose to use Tembo for mortgage advice, we may earn a commission from them for the introduction. This does not negatively impact the amount you'll pay for their service.

Tembo Money Limited (12631312) is a company registered in England and Wales with its registered office at 18 Crucifix Lane, London, SE1 3JW. Tembo is authorised and regulated by the Financial Conduct Authority under the registration number 952652.

Click here to see your activities