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More lenders cut mortgage rates

March 04, 2013  |   Uncategorized   |     |   0 Comment

BM Solutions, Accord and Leeds and Cambridge building societies have become the latest lenders to cut the rates on their mortgages.

Cambridge Building Society has reduced its rates by up to 0.7 of a percentage point for purchases and by 0.95 of a percentage point on a number of its remortgage deals.

The largest cut is to the two-year fixed rate at 90pc loan-to-value (LTV) which has been cut by 0.7 of a percentage point from 5.19pc to 4.49pc, while the five-year fixed-rate deal charges 4.99pc. Both loans are available up to a maximum value of £300,000 and charge fees of £999.

In addition, the society is introducing several new fee-free remortgage products at 75pc, 80pc, 85pc and 90pc LTV. Rates start at 3.39pc on its two-year fixed-rate deal for those with a 25pc deposit; free standard valuations and legal work are included.

Accord Mortgages has also cut its rates from today by up to 0.4 of a percentage point, with rates on a two-year fix starting at 2.49pc up to 75pc LTV with a £1,995 fee. BM Solutions has cut the rates on its buy-to-let and product range by up to 0.4 of a percentage point.

Two-year fixed rates from the lender start at 4.69pc, having been cut by 0.3 of a percentage point from 4.99pc, while a two-year tracker product is now available at 4.39pc, down from 4.79pc.

Kara Gammell









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