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Tuesday, December 16, 2008

Buy-to-let mortgages latest


Some lenders have responded to the latest reduction in the base rate. However, none are passing on the full rate cut by cutting their standard variable rates by the full 1%. This means that for landlords whilst rates are coming down, relatively (to the base rate) they are still getting more expensive. One building society the progressive has actually responded by increasing it's standard variable rate by just under a quarter of one percent to 5.99%. Other buy-to-let lenders who have taken Government bail out cash such as Lloyds and RBS owned lenders have no doubt succumb to Government pressure and passed on some of the reduction meaning that the likes of RBS and the The Mortgage Rates are offering tracker rates of less than 4.5%. However, this is still way above the 0.5-1% margin which was common place before the credit crunch struck


  • Money Partners
  • 3 month LIBOR reset at 4.00%, END DATES on all FIXED RATES extended by 3 months to 31.01 with REVERT RATES increased by 1.72%. W.e.f. 17.12.08....more
  • 16 Dec 2008
  • Cheltenham & Gloucester
  • NEW buy-to-let VARIABLE TRACKER RATE MORTGAGES of 4.99%, 5.29% & 5.59% to 30.4.12, w.e.f. 16.12.08....more
  • 16 Dec 2008
  • Lloyds TSB Scotland
  • NEW buy-to-let VARIABLE BASE RATE TRACKERS of 4.99%, 5.29% & 5.59% to 30.4.12, w.e.f. 16.12.08....more
  • 16 Dec 2008
  • Progressive BS
  • Buy-to-let STANDARD VARIABLE RATE increased by 0.24% to 5.99%, w.e.f. 15.12.08....more
  • 15 Dec 2008
  • RBS IP NatWest
  • Buy-to-let STANDARD VARIABLE RATE reduced to 4.94%, w.e.f. 15.12.08....more
  • 15 Dec 2008
  • The Mortgage Works
  • Selected Buy-to-let FIXED RATE MORTGAGES reduced by up to 0.69%. NEW VARIABLE TRACKER RATE of 4.99% for term & NEW FIXED RATES ranging from 4.95% to 6.24% to 28.2.11 and 4.99% to 6.14% to 29.2.12, w.e.f. 13.12.08. ...more
  • 13 Dec 2008
  • Scarborough BS
  • Buy-to-let STANDARD VARIABLE MORTGAGE RATE will be reduced to 5.99%, w.e.f. 1.1.09....more
  • 12 Dec 2008
  • NatWest Mortgage Services
  • Buy-to-let STANDARD VARIABLE RATE reduced by 0.75% to 4.94% w.e.f. 15.12.08....more
  • 11 Dec 2008
  • Royal Bk of Scot Mtges Direct
  • Buy-to-let STANDARD VARIABLE RATE reduced by 0.75% to 4.44% w.e.f. 15.12.08....more
  • 11 Dec 2008
  • pms®
  • Premier Mortgage Service has changed its name to PMS with immediate effect....more
  • 11 Dec 2008
  • Alliance & Leicester
  • Buy-to-let STANDARD VARIABLE RATE reduced by 0.5% to 5.34% w.e.f. 2.1.09....more
  • 11 Dec 2008
  • Melton Mowbray BS
  • Buy-to-let STANDARD VARIABLE MORTGAGE RATE reduced to 5.24%, w.e.f. 9.12.08....more
  • 10 Dec 2008
  • The Mortgage Works
  • ALL BUY-TO- LET PRODUCTS withdrawn and replaced with VARIABLE BASE RATE TRACKER of 4.99% for term and FIXED RATES of 4.49%, 4.99%, 5.49%, and 5.99% to 28.2.11, 5.44% and 5.79% to 29.2.12, 5.99% to 28.2.14 and for remortgages only 5.29% to 28.2.11, 6.14% to 29.2.12, 6.44% to 28.2.14 and for limited companies only 4.74%, 5.24%, 5.74% and 6.24% to 28.2.11, 5.69% and 6.04% to 29.2.12 and 6.24% to 28.2.14, w.e.f 10.12.08....more
  • 10 Dec 2008
  • Skipton BS
  • Buy-to-let STANDARD VARIABLE MORTGAGE RATE will be reduced to 5.00%, w.e.f. 1.1.09....more
  • 09 Dec 2008
  • Northern Rock
  • Buy-to-let STANDARD VARIABLE RATE reduced by 0.5% to 5.34% w.e.f. 1.1.09....more
  • 09 Dec 2008
  • Northern Bank (NI)
  • Buy-to-let VARIABLE BASE RATE TRACKER reduced by 1.00%, w.e.f. 5.12.08....more
  • 09 Dec 2008

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