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  • It is expected other lenders will follow suit in pulling their deals and launching new fixed rate products with higher rates.
  • HSBC has cut its fixed rate buy-to-let and international BtL mortgages by up to 0.3 percentage points.
  • The lender is offering a two-year and five-year fix for remortgage from 6.09percent and 5.49percent respectively.

Among the mutual lender’s reduced price deals is a two-year standard buy-to-let deal at 80percent loan to value at 5.69percent. There is a 199 application fee and a 999 product fee on the deal. The equivalent deal for borrowers with a 15percent cash deposit (85percent LTV) is cut from 5.14percent to 4.93percent (899 fee), and the fee-free option is down to 5.15percent from 5.33percent. First, we provide paid placements to advertisers to present their offers. The payments we receive for those placements affects how and where advertisers’ offers appear on the site. This site does not include all companies or products available within the market.

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NatWest offers a lower two-year fixed rate at 4.64percent but this is for an online-only mortgage, where customers must apply and manage the account solely online. Two-year fixed rates for remortgage for borrowers with at least 20percent equity in their property (80percent LTV) are now at 5.34percent with a 995 fee or 5.74percent with no fee. Santander for Intermediaries has cut selected residential fixed rates by up to 0.24 percentage points. It follows cuts by the bank of up to 0.21 percentage points at the end of March. Buy-to-let two and five-year fixed rates with 1percent fee will be reduced by up to 0.07percent, starting from 4.52percent. Its BTL five-year fixed rate at 60percent LTV with a 3percent fee has been cut by 0.08 percentage points to 4.09percent.

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