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.



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