Market Harborough Building Society has cut rates by up to 30 basis points and Vida Homeloans by up to 26 basis points today.
Market Harborough has reduced rates across its buy-to-let and residential ranges.
It has cut two-year fixed rates by 25 bps, while three and five-year rates have been lowered by 30 bps.
Residential rates now start from 5.69% fixed and 6.24% variable for
tier one cases up to 75% loan-to-value with a £1,495 product fee.
Its buy to let rates now start from 5.75% fixed and 6.3% variable for tier one cases up to 75% LTV.
From January 1 the lender is lowering its standard variable rate by 20 bps to 7.99%
Vida has cut rates on all its residential deals by up to 15 bps and on all its buy-to-let deals by up to 26 bps.
The lender has also reduced its product transfer rates for both buy-to-let and residential borrowers by up to 20 bps.
Vida has also updated its affordability criteria on buy-to-let deals so that applications will now be stress tested at pay rate where there is no additional borrowing.
On top of this, it will now allow digital signatures on documents to help speed up the application process.
Publisher: Source link