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- It has also cut selected buy-to-let purchase and remortgage deals for new customers, available through brokers.
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Keystone, the specialist BTL lender, has cut fixed rates for new and existing customers by up to 0.1 percentage points, effective today . Among the cuts it has reduced rates on its two-year fixed rates in its Standard and Specialist range at 65percent LTV. HSBC, Virgin Money and Yorkshire building society have all cut selected fixed rates across their respective home loan ranges, effective today.
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Virgin’s shareholders voted on Wednesday this week to accept the deal, with 89percent voting in favour. Coventry today confirmed it will buy Co-operative Bank by signing a 780 million purchase agreement. The deal, which is expected to complete in early 2025, will create a financial group with combined assets of 89 billion.
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But we encourage you to exercise patience and read regardless. You will thank us later when you find out that some of the conditions do not favor you. Forbes Advisor adheres to strict editorial integrity standards. To the best of our knowledge, all content is accurate as of the date posted, though offers contained herein may no longer be available. The opinions expressed are the author’s alone and have not been provided, approved, or otherwise endorsed by our partners.
The new rates and deals, available direct and through brokers, will go live on HSBC’s website tomorrow morning . The rate is close to the market leading five-year rates for purchase which now start from 4.17percent . Two-year equivalent remortgage rates will rise from 4.84percent to 4.94percent. For smaller loan sizes, the best five-year purchase rate is now at 4.4percent with a 999 fee, on offer with Santander. HSBC’s two-year fixed-rate product switch deal has risen to 4.78percent from 4.63percent.