Here is a summary of the key changes and announcements in the mortgage market for this week.
- Accord Mortgages have continued with their changes to their lending with the announcement of £500 cash back on some Buy to Let deals. This is a sector of the market sector that has traditionally seen higher fees, so it's a refreshing approach from Accord that also goes along with its slightly better rental stress tests and overall positive approach to lending.
- Barclays have announced new rates and are launching a 1.28% 2-year fixed rate. This rate is available up to 50% loan to value. Barclays has also looked at rates cuts across other LTV brackets. Barclays are quoted to be “really excited about the potential of the market in early 2018” and the rate changes reflect this positive outlook.
- Platform, the intermediary arm of the Co-Op have announced rate reductions in the 90% LTV range. With rates on 2-, 3- and 5-year fixed of up to 0.15%, this is another lender that has advised a positive outlook for the start of 2018.
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