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NatWestis cutting fixed rates for purchase and remortgage, available through brokers, by up to 0.57 percentage points from tomorrow . But it comes as Nationwide https://happy-gambler.com/book-of-ra-deluxe/ building society has announced it is cutting fixed rates across its range by as much as 0.38 percentage points from tomorrow . And among its new deals it will offer a five-year fixed rate for home purchase at 4.64percent, which will catapult it back to market-leader in this sector. Reliance Bank has cut rates on its mortgages for key workers by up to 1.09 percentage points.
- Virgin Money is increasing the cost of fixed rate mortgages for new customers from 8pm this evening .
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- Santander has cut selected fixed rates for residential purchase and remortgage, in welcome news for borrowers looking for a new home loan.
- It offers a five-year fixed rate at 5.64percent with a 4percent arrangement fee or 5.89percent with a lower 3percent fee.
- For a smaller fee of 1,999 the equivalent rate is 6.59percent for two years or 6.09percent over five years (also 75percent LTV).
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It also found that 38percent of respondents were worried about their mortgage payments in the midst of the cost-of-living crisis. This means that for the first five years, repayments are interest-free. Repayments then increase every April based on the cost of the Consumer Prices Index measure of inflation plus a further 2percent.
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