Tracie Pearce, head of group mortgages at Nationwide, said: “Nationwide is demonstrating that it really is open for business by announcing its rate cut of 2013 so far. These reductions clearly.
ANZ and Westpac refused demands from both sides of politics to pass on the entirety of the RBA’s cut, instead announcing each would lower interest rates on mortgages by 0.18 and 0.20 per cent.
Additional loans. Wyatt Loan Interest and repayment free for the first five years. It’s then combined with the HomeStart loan portion, which has regular loan repayments and interest charges. Comparison Rate calculated on the basis of secured credit of $150,000 over a term of 25 years based on monthly repayments.
A cut of 0.30% to the only ten-year fixed rate in the market New fixed rates available to all existing customers with a variable rate mortgage 50% of new mortgage customers now choosing fixed rates Bank of Ireland has today announced cuts of up to 0.30% in fixed mortgage interest rates available to both new and existing customers, reflecting the reduced cost of term debt to Bank of Ireland.
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Nationwide Building Society has cut the cost of a number of fixed rate mortgage products. Notable rate cuts include the 90 per cent LTV two-year fix which has come down from 1.99 per cent to 1.89 per.
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HomeStart Finance has announced that it will decrease its standard variable mortgage rate by 25bps to 5.14 per cent, effective from 20 June. HomeStart becomes the latest lender to cut its home loan offerings following the Reserve Bank of Australia’s (RBA) decision to decrease the official cash rate to a new record low of 1.25 per cent.
In an anticipated move, the Federal Reserve cut the federal funds rate on Wednesday, decreased to the 2 percent to 2.25 percent range-a bid to preempt a possible recession. Why?
Following previous rate reductions earlier this year, contractor friendly mortgage lender virgin Money has announced further rate cuts across their residential and buy-to-let product ranges. The newly reduced product range is immediately available to both purchase and remortgage customers. The updated range encompasses new two year fixed rate products from 2.13%, with a product fee [.]
The Mortgage Works has announced a series of rate cuts across its two- and five-year fixed rate buy-to-let products. The rate cuts include the 65 per cent LTV two-year fix reduced from 1.64 per cent to 1.59 per cent. This deal has a £1,995 fee, free valuations, and £250 cashback.