News in brief - 20 November 2024

Fleet Mortgages has cut rates across its five-year fixed rate products. The lender has cut the rates on five-year, 75% LTV standard, limited company and HMO/MUB fixed rates, which come with a 3% fee. These products have been reduced by 15 bps, with a new rate of 5.14% for both standard and limited company and 5.54% for HMO/MUB.

The buy-to-let (BTL) and Residential brands of Foundation Home Loans have launched a range of new limited edition products. BTL by Foundation has launched a new F2 limited edition holiday let five-year fixed product, with rates starting at 6.24% at up to 75% LTV, and comes with a 2.25% fee. On the residential brand, the specialist lender has launched new F1 limited edition remortgage-only two- and five-year fixed rate products. It is available at up to 65% LTV, with fee assisted products starting from 5.99% with a £595 fixed fee.

Hinckley & Rugby Building Society has launched a BTL five-year fixed rate at 4.99%, designed specifically for limited companies allowing top slicing. The product offers a solution for affordability challenges faced by incorporated landlords in the current high interest rate environment. The product is available at 4.99% fixed at five years at a maximum LTV of 70%. It also comes with a 5% completion fee.



Share Story:

Recent Stories


FREE E-NEWS SIGN UP

Subscribe to our newsletter to receive breaking news and other industry announcements by email.

  Please tick here to confirm you are happy to receive third party promotions from carefully selected partners.


The UK housing market in 2024
The performance of the UK housing market in 2024 has largely exceeded many people's expectations, although challenges remain for first-time buyers due to house prices increasing and a testing rental market for many. Regional disparities, such as the North-South divide, also continue to influence housing accessibility and affordability for many buyers in pockets of the country.

Intergenerational lending
MoneyAge News Editor, Michael Griffiths, hosts Family Building Society BDMs, Amar Mashru and Arif Kara, to discuss intergenerational lending and explore ways that buyers can use family income to help increase their borrowing capacity when applying for a mortgage

Helping landlords make their cash work harder
MoneyAge Editor, Adam Cadle, talks to Family Building Society BDMs, Arif Kara and Nathan Waller, about the resilient BTL market, the wide variety of landlords that Family Building Society caters for, and how niche products like an Offset mortgage can help improve cashflow.