26th June 2024
The two-year product enables investors to service a portion of the loan, with the remaining interest retained and payable on redemption.
The two-year product enables investors to service a portion of the loan, with the remaining interest retained and payable on redemption.
Its introductory fixed rate has been reduced from 6.99% to 6.49% for a limited time only.
Rates have reduced by up to 35bps.
New rates include two-year fixes from 4.55% and five-year fixes from 5.06%.
The ICR has lowered for expat consumer buy-to-let borrowing.
The lender has launched new Tier 1 products, expanded its Tier 2 and 3 ranges, and introduced new 5% and 7% fee options.
Buy-to-let fixed rates have seen the largest reductions.
The Bank has revised its buy-to-let ICR and will now stress a number of products at payrate.
Expat holiday let rates have reduced by 30bps.