Brokers can now choose from a blizzard of new mortgage rates as Accord, Saffron, Leeds and Aldermore all launch a string of new deals on the same day.
Accord Mortgages has cut interest rates across its higher-LTV residential mortgages. It now offers two-year fixed rates starting from 2.19% to 80% LTV and from 4.04% to 90% LTV.
These mortgages are available for home purchase or remortgage and have a completion fee of £1,845.
The range also includes competitive fixed rate products with lower completion fees and incentive packages.
Highlights include:
• 2.49% two-year fixed rate 80% LTV mortgage with £345 completion fee, and either free standard valuation and £250 cashback on completion for house purchase customers, or free legal assistance for remortgage customers
• 4.29% two-year fixed rate 90% LTV mortgage with £345 completion fee, and either free standard valuation and £250 cashback on completion for house purchase customers, or free legal assistance for remortgage customers.
Saffron For Intermediaries has launched a new mortgage range, which will be available through Legal & General Network.
Highlights include no early repayment charges, capital repayment incentive option, and a new expat buy-to-let product.
Saffron will also be offering 95% mortgages for both first-time buyers and second steppers, as well as enhancing its criteria, rates and arrangement fees to reduce the cost to borrowers.
Peter Izard, head of mortgages, Saffron Building Society, said: "Products that brokers will be familiar with from our previous range are still available including our popular self-build and buy-to-let light refurbishment mortgages.”
Leeds Building Society has launched a new product range for larger loans of up to £750,000, with flat fees and rates starting from just 2.14%.
It will offer two and three-year fixed rate mortgages up to 80% loan to value LTV, with a minimum loan of £500,000.
The range includes a two-year fix at 2.14% to 75% LTV, and at 2.29% between 75.01% and 80% LTV.
Leeds is also unveiling a three-year fix at 2.74% to 80% LTV. All the new mortgage offers have a flat completion fee of £1,800 for loans between £500,000 and £750,000.
The new deals have no higher lending charge and allow 10% capital repayments each year without penalty. The mortgages are available through both direct and intermediary channels.
Aldermore Bank has launched a new limited edition buy-to-let mortgage to meet growing demand from landlords. The BTL deal charges a variable 3.9% up to 75% LTV, and 4.48% to 80% LTV.
Both rates come with a 2.5% completion fee that can be added to the loan.
Charles Haresnape, residential mortgages managing director at Aldermore said: “The rates not only keep costs down for clients but this also maximizes the borrowing potential as the rates are used to calculate the loan size."
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