Financial Update 12th April 2021

Current Mortgage Update

  • Shawbrook Bank has announced a reduction in rates across its commercial investment offering, with rates now starting from 5.19%
  • YBS Commercial Mortgages has reduced the rate on its semi-commercial five-year fixed rate mortgage to 4.35%
  • Market Financial Solutions (MFS) has increased its maximum bridging loan amount to £30 million as part of a number of changes to its lending criteria for the 2021/22 financial year.
  • The West Brom has launched a range of 95% LTV mortgages for first-time buyers and homemovers. with three-year fixed rate starting at 3.94% and a five-year fix at 4.04%, both with no completion fee
  • Buckinghamshire BS launches 95% LTV range across England and Wales
  • Leeds Building Society is now returning to the whole of market lending at 95% LTV with two five-year fixed deals starting at 3.99% with a £999 product fee and 4.09% fee-free.
  • Nationwide has reduced rates on selected 10-year fixed rate mortgages by up to 0.35 percentage points starting at 2.14% at 60% LTV with a £999 product fee
  • TSB has introduced a series of five and 10-year fixed rate first-time buyer products at 90-95% starting at 4.04% with a £995 fee or 4.24% fee-free
  • Pepper Money has increased the maximum LTV available on its mortgages for customers with a more recent experience of adverse credit

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