News in brief - 2 December 2024

Paragon Bank has launched a range of limited edition five-year fixed rate deals at 65% LTV. Rates start from 4.74% for the purchase or remortgage of single self-contained (SSC) properties with a A-C EPC ratings, increasing by 5 bps for properties with EPC rating of D or E. The products incur product fees of 5%, while 3% and nil fee options are available with rates starting from 5.14% and 5.74% respectively. The range is also available for HMO and MUBs, with rates starting at 5.19% with a 5% fee, increasing to 5.59% with a 3% fee and 6.19% on the nil fee option.

West One Loans has reduced rates across its buy-to-let (BTL) range by up to 15 bps. The lender has cut rates on its two- and five-year products, now starting from 2.49% and 4.44% respectively. The lender has also cut its BTL limited edition range by up to 11 bps. As a result, the lender’s limited edition two-year fixed rates are available from 3.68%, while the five-year equivalents are available from 4.23%.

Clydesdale Bank has increased rates on its high LTV mortgage product range. Across its core residential range, a 90% LTV two-year fix with a £999 fee has increased by 0.10% to 5.35%. Two-year fixed rates at 95% LTV have increased by 0.20% and start from 5.54% with a £999 fee and 5.78% fee-free. On the lender’s five-year products at 90% LTV, rates have been increased by 4.90% with a £999 fee and 5.04% fee-free. On Clydesdale’s five-year 95% LTV rates have been increased by 0.10% to 5.29% and 5.54% with a £999 fee and no fee respectively.



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 new episode of The Mortgage Insider podcast, out now
Regional housing markets now matter more than ever. While London and the Southeast still tend to dominate the headlines from a house price and affordability perspective, much of the growth in rental yields and buyer demand is coming from other parts of the UK.

In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance.

The role of the bridging market and technology usage in the industry
Content editor, Dan McGrath, sat down with chief operating officer at Black & White Bridging, Damien Druce, and head of development finance at Empire Global Finance, Pete Williams, to explore the role of the bridging sector, the role of AI across the industry and how the property market has fared in the Labour Government’s first year in office.


Helping the credit challenged get mortgage ready
A rising number of borrowers are finding it harder to access mortgages due to being credit challenged - whether that’s from historic debts, a county court judgment, or having little to no credit history.

In the latest episode of the Mortgage Insider podcast, Phil Spencer is joined by Eloise Hall, Head of National Accounts at Kensington Mortgages, and Alastair Douglas, CEO of TotallyMoney.

The future of the bridging industry and the Autumn Budget
MoneyAge content editor, Dan McGrath, is joined by head of marketing at Black & White Bridging, Matt Horton, to discuss the bridging industry, the impact of the Autumn Budget and what the future holds for the sector.