Buy-to-let mortgage latest

The Bank of England Monetary Policy Committee (MPC) meets this week and will announce their latest decision on Thursday. Many commentators expect a further easing of the base rate to a record low of 0.5%.

This potential imminent base rate reduction has prompted many buy-to-let lenders into a flurry of activity shuffling their product ranges in anticipation of the the lower rate.

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One such lender is the Loughborough who have replaced their 4.99% variable rate with a 3 year 4.99% fixed rate and term mortgage. The mortgage still has a fee of £999 and EMONEYFACTS gives a 4 star rating.

Other buy-to-let mortgage product changes last week:

• Platform
• END-DATES on all buy-to-let FIXED RATE MORTGAGES extended to 1.6.12, w.e.f. 2.3.09....more
• 27 Feb 2009
• Post Office®
• ALL buy-to-let FIXED RATES withdrawn & replaced with products of 6.31% & 6.51% to 31.5.12 and 6.30% 6.50% to 31.5.14, w.e.f. 28.2.09....more
• 27 Feb 2009
• Yorkshire Bank
• Buy-to-let STANDARD VARIABLE RATE reduced by 0.15% to 4.59%, w.e.f. 27.2.09....more
• 27 Feb 2009
• Clydesdale Bank
• Buy-to-let STANDARD VARIABLE RATE reduced by 0.15% to 4.59%, w.e.f. 27.2.09....more
• 26 Feb 2009
• Royal Bk of Scot Mtges Direct
• All FIXED RATE MORTGAGES withdrawn & replaced with products of 5.69%, 5.59% & 5.64% to 31.3.11, w.e.f. 24.2.09....more
• 26 Feb 2009
• Shepshed BS
• All buy-to-let MORTGAGE PRODUCTS withdrawn, w.e.f. 25.2.09....more
• 26 Feb 2009
• The Mortgage Works
• NEW buy-to-let VARIABLE BASE RATE TRACKER of 3.89% to 30.4.10 and FIXED RATES of 3.99% to 30.4.10, 4.74%, 5.24%, 5.49%, 5.74% and 5.99% to 30.4.11 and 5.49% & 5.74% to 30.4.12 and for remortgage only: 4.69% to 30.4.10, 5.09%, 5.59% & 5.84% to 30.4.11 and 5.74% & 5.99% to 30.4.12, w.e.f. 26.2.09. ...more
• 26 Feb 2009
• NatWest Mortgage Services
• All FIXED RATE MORTGAGES withdrawn & replaced with NEW FIXED RATE MORTGAGE of 5.69% to 31.3.11, NEW FIXED RATE MORTGAGE requiring the opening of an "Advantage Private" or "Advantage Business" account of 5.59% to 31.3.11 and NEW FIXED RATE MORTGAGE requiring the opening of an "Advantage Gold", Private or Business account of 5.64% to 31.3.11, w.e.f. 24.2.09....more
• 25 Feb 2009
• The Mortgage Times
• All buy-to-let FIXED RATE MORTGAGES funded by BM Solutions, available in Scotland only withdrawn and replaced with NEW FIXED RATE MORTGAGES funded by BM Solutions, available in Scotland only of 4.99% to 1.4.12, 5.29% to 1.4.12 & 5.69% to 1.4.14. All products now have additional £275 completion fee. Redemption deeds fee of £50 will no longer be charged. All w.e.f. 23.2.09....more
• 25 Feb 2009
• Birmingham Midshires Solutions
• ALL buy-to-let MORTGAGE PRODUCTS except 'House 2 House' 5.49% FIXED RATE withdrawn & replaced with new FIXED RATES of 4.99% & 5.29% to 1.4.12 & 5.69% to 1.4.14. NEW VARIABLE TRACKER RATE launched of 4.99% for 3 years, w.e.f. 23.2.09....more
• 25 Feb 2009
• Loughborough BS
• Buy-to-let STANDARD VARIABLE RATE MORTGAGE of 4.99% for 3 years withdrawn, NEW STANDARD VARIABLE RATE MORTGAGE of 4.99% for term and NEW FIXED RATE MORTGAGE of 4.99% for 3 years launched, w.e.f. 23.2.09. ...more
• 24 Feb 2009
• Bank of Scotland Mortgages
• All MORTGAGE PRODUCTS withdrawn and replaced with NEW FIXED RATE MORTGAGES of 5.24% to 31.3.12 & 5.79% to 31.3.14, w.e.f. 21.2.09. All buy-to-let MORTGAGE PRODUCTS now have additional £245 completion fee. Redemption deeds fee of £50 will no longer be charged, w.e.f. 22.2.09....more
• 24 Feb 2009
• Coventry BS
• NEW FIXED RATE MORTGAGE of 5.40% to 30.6.14, max 65%, fee £1,250, w.e.f. 24.2.09....more
• 24 Feb 2009
• The Mortgage Works
• All buy-to-let Limited Company only MORTGAGE PRODUCTS withdrawn. All other buy-to-let MORTGAGE PRODUCTS withdrawn w.e.f. c.o.b. 23.2.09. pending re-launch....more
• 24 Feb 2009
• Newbury Mortgage Services
• Buy-to-let COMMISSION payable to intermediaries reduced to 0.25% of advance (min £125), w.e.f. 23.2.09....more
• 24 Feb 2009
• Lloyds TSB Scotland
• ALL BUY-TO-LET PRODUCTS withdrawn & replaced with VARIABLE BASE RATE TRACKERS of 4.99%, 5.29% & 5.59% to 30.6.12 and FIXED RATES of 4.99%, 5.29% & 5.59% to 30.6.12, w.e.f. 23.2.09. ...more
• 24 Feb 2009
• Godiva Mortgages
• NEW FIXED RATE MORTGAGE of 5.40% to 30.6.14, max 65%, fee £1,250, w.e.f. 24.2.09....more
• 24 Feb 2009
• Birmingham Midshires Solutions
• All buy-to-let MORTGAGE PRODUCTS now have additional £275 completion fee. Redemption deeds fee of £50 will no longer be charged, w.e.f. 22.2.09....more
• 23 Feb 2009
• Pink Home Loans
• All buy-to-let MORTGAGE PRODUCTS funded by BM Solutions now have additional £275 completion fee. Redemption deeds fee of £50 will no longer be charged, w.e.f. 22.2.09....more
• 23 Feb 2009
• Principality BS
• Buy-to-let STANDARD VARIABLE MORTGAGE RATE reduced by 0.20% to 4.99%, w.e.f. 20.2.09....more
• 23 Feb 2009
• Cheltenham & Gloucester
• NEW buy-to-let VARIABLE BASE RATE TRACKERS of 4.99%, 5.29% & 5.59% to 30.6.12 and FIXED RATES of 4.99%, 5.29% & 5.59% to 30.6.12 launched, w.e.f. 23.2.09. ...more
• 23 Feb 2009