Aldermore has launched buy-to-let (BTL) limited edition five-year products for landlords while NatWest has made changes to its new business and existing customer product ranges.
Aldermore has added three five-year fixes for new customers that are individual and company landlords with single residential investment properties.
These include a product at 4.74%, up to 75% loan-to-value (LTV) with a 5% fee and another at 5.74%, up to 75% LTV with zero fee.
For individual and company landlords with multiple residential investment properties, the lender has added a five-year fix at 5.69%, up to 75% LTV with zero fee.
It has also launched a five-year fix at 4.69%, up to 75% LTV with a 5% fee and a five-year fix at 5.64%, up to 75% LTV with a fee of £1,999.
Aldermore director Jon Cooper says: “These latest limited edition products offer timely and compelling deals for brokers and their clients, especially before the market begins to wind down in the build-up to Christmas.”
Meanwhile, NatWest has made rate cuts of up to 39 basis points, which take effect tomorrow.
In the buy-to-let (BTL) range, the two-year fixed rate remortgage 60% LTV with no fee has been reduced by 39bps to 4.95%.
In the same range, the five-year fixed rate remortgage 75% LTV has been lowered by 35bps from 5.05% to 4.70%. This comes with no product fee and £250 cashback.
Within the BTL green mortgage range, a two-year fixed rate purchase at 75% LTV has been cut by 32bps to 4.77%. This comes with a product fee of £995.
A five-year fixed rate remortgage in the same range at 75% LTV has gone down by 23bps to 4.36% and a product fee of £995.
The lender has also made cuts in its core residential range.
The two-year fixed rate remortgage at 75% LTV has decreased by 16bps to 4.49% with a product fee of £1,495 while the five-year fixed rate purchase at 60% LTV has been reduced by 14bps to 4.10% and comes with a fee of £1,495.
Commenting on this, John Charcol mortgage technical adviser Nicholas Mendes says: “The recent rate cuts by NatWest are fantastic news for borrowers, and the moves by HSBC reflect a broader trend among lenders capitalising on a period of stability in swap rates after a month of volatility. This volatility was driven by market adjustments to future base rate expectations, influenced by inflationary pressures highlighted in the Budget.”
“That said, it’s important to manage expectations. These cuts only scratch the surface following the increases seen in recent weeks, and borrowers will need to be patient before rates return to the lower levels, we witnessed earlier this year.”
“At the start of the year, markets had priced in a reduction in base rates beginning in February, with a total of five cuts anticipated in 2025. However, this outlook has now softened to expectations of three or four cuts at most.”
“As markets have stabilised, lenders such as HSBC, Barclays, and NatWest have been quick to reprice, seizing the opportunity to attract borrowers before demand typically slows during the festive season.”
“These adjustments allow lenders to position themselves competitively as borrower focus often shifts away from financial commitments during this period, with decisions postponed until the new year.”
“Looking ahead, I anticipate lenders will continue to capitalise on any opportunities to build momentum, balancing service levels during the seasonal slowdown to ensure a strong start to 2025.”
