In a major update for mortgage borrowers, Halifax is set to cut residential fixed-rate offers by up to 31 basis points, making homeownership more affordable. Starting Friday, product transfers and further advance loans will also see reductions of up to 31bps, while selected remortgage fixes will drop by up to 25bps. These changes could mean lower monthly payments and better mortgage opportunities for contractors looking to buy or refinance.
Meanwhile, Landbay has introduced four new limited-edition Buy-to-Let (BTL) products, offering more choices for landlords investing in small houses in multiple occupation (HMOs) and multi-unit freehold blocks (MUFBs). These products are available at five-year fixed rates at up to 75% loan-to-value (LTV), with loan sizes between £150,000 and £500,000. Here’s what’s on offer:
- Limited Edition HMO/MUFB – 5-Year Fixed at 75% LTV
- 5.49% interest rate with a 3% fee
- Available for purchase and remortgage
- Limited Edition HMO/MUFB – 5-Year Fixed at 75% LTV
- 5.09% interest rate with a 5% fee
- Available for purchase and remortgage
- Product Transfer HMO/MUFB – 5-Year Fixed at 75% LTV
- 5.49% interest rate with a 3% fee
- Product Transfer HMO/MUFB – 5-Year Fixed at 75% LTV
- 5.09% interest rate with a 5% fee