Two-year fixed BTL purchase deals with an £899 fee have been cut from 5.05% to 4.80% at 60% LTV and from 5.15% to 4.92% at 75% LTV. Five-year fixed equivalents fall from 5.05% to 4.69% at 60% LTV and from 5.10% to 4.89% at 75% LTV.
Green Home BTL five-year fixed rates have dropped from 4.95% to 4.59% at 60% LTV and from 5.00% to 4.79% at 75% LTV.
The fee-free two-year fixed BTL remortgage at 75% LTV has fallen from 5.50% to 5.10%, while the £999-fee equivalent has moved from 5.05% to 4.88%. The fee-free five-year fixed at 75% LTV has been reduced from 5.27% to 4.97%.
Two products available for both purchase and remortgage with a £2,495 fee and a minimum loan of £1 million have been cut: the two-year fixed at 60% LTV from 5.05% to 4.80%, and the five-year fixed equivalent from 5.05% to 4.69%.
“The latest Barclays rates only went live five days ago and the bank was already pretty much offering the best deals along with Nationwide and HSBC,” commented Aaron Strutt (pictured right), product director at mortgage broker Trinity Financial. “More of the lenders have improved their rates and hopefully this continues despite the ongoing political instability.”