The Mortgage Lender has cut selected fixed-rate offers for landlords by up to 20 basis points, while Hanley Economic Building Society launches two-year deals for homemovers and remortgagers.
The Mortgage Lender has reduced its two-year fixes by up to 20bps, with standard properties starting at 4.49% down from 4.69% and houses in multiple occupation as well as multi-unit blocks starting at 4.69%, down from 4.89%.
Selected five-year fee-charging fixes are cut by 5bps, with standard properties starting at 4.66% and houses in multiple occupation as well as multi-unit blocks starting at 4.91%.
Also, five-year fee saver fixes are down by 10bps, starting at 5.86%, down from 5.96%, for standard properties, and 6.09%, down from 6.19%, for houses in multiple occupation as well as multi-unit blocks.
The Mortgage Lender chief commercial officer Steve Griffiths says: “We’re dedicated to supporting customers whose needs may not be met by mainstream lenders, and we will continue to review and adjust our offering based on the realities of the evolving landscape.”
Meanwhile, Hanley Economic Building Society introduces a fee-free two-year fixed-rate homemover and remortgager offer.
This product comes with a headline rate of 4.99% and is available up to 80% loan to value, with a free valuation and £250 cashback.
The offer carries a minimum loan size of £30,000 and a maximum loan size of £1.25m at 50% LTV, £1m at 60% LTV and £500,000 at 80% LTV.
It is available for properties throughout England, Wales and Scotland (Scottish Islands by referral) for purchase or remortgage.
The mutual says each case will be assessed on an individual basis by its in-house underwriting team and will not be credit scored.
Hanley Economic Building Society head of products and marketing David Lownds says: “This product offers a highly competitive option for homeowners at a time when we are experiencing increasing activity levels, with the potential for even more positive movement across the wider housing market as we enter the fourth quarter.”
