TML and Shawbrook improve BTL mortgage pricing

The Mortgage Lender (TML) has launched a limited-edition five-year fixed rate buy-to-let (BTL) range, with rates starting from 4.74%. Deals are available with 2% and 5% completion fee options and include a free valuation. The lender has also reduced rates by up to 15 basis points (bps) across selected two- and five-year fixed mortgages, with five-year fixed rates for…

Australian property investors squeezing out first-time buyers as record borrowing and rate cuts drive purchases | Interest rates

Property investors borrowed a record sum, nearly $130bn, to buy homes over the year to June, supported by interest rate cuts but squeezing out first-time buyers.Banks made almost 200,000 new loans to landlords over the year, the most since 2022, while the number of new first-home mortgages slipped to 116,000.Cameron Kusher, an independent property expert, said falling interest rates have…

What is expected to happen to UK interest rates?

The Bank of England held UK interest rates at 3.75% at its March meeting, keeping them at the lowest level since February 2023. Rates had fallen from 4% in December, but the economic impact of the war ... Source link

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