Santander says it will raise some residential and landlord fixed-rate new business home loans by up to 11 basis points, while Molo has trimmed its two- and five-year buy-to-let prices.
The high street bank says it will lift selected prices for new customers and cut its 95% loan-to-value two-year fixes for first-time buyers, including new build, by as much as 6bps, from tomorrow.
Other changes include:
New business
- First-time buyer new build — all 75% LTV to 90% LTV two- and five-year fixes increasing by up to 11bps
- Residential homemover new build — all 60% LTV to 90% LTV two- and five-year fixes increasing by up to 10bps
Product transfer
- BTL — all 60% LTV to 75% LTV two- and five-year fixes increasing by up to 7bps
Meanwhile, Molo has lowered its UK resident standard landlord two- and five-year fixes.
The specialist lender says two-year fixed rates for standard BTL products start from 2.68%, down by 6bps, while five-year fixed rates now start from 4.34%, down by 5bps.
These prices are open to individual and limited company borrowers.
Molo distribution director Martin Sims says: “Reducing our standard BTL rates, again, is all about maintaining sharp, affordable options to brokers in a time when rate competitiveness appears paramount to their Landlord Investor clients.”
The firm adds that its specialist BTL loan rates — including houses in multiple occupation, multi-unit freehold block and holiday lets — as well as for non-UK resident and expat mortgages, remain unchanged.
