Principal intermediaries will reduce selected fixed-rate mortgage fees by 20 basis points, increase other prices by up to 40bps, and launch landlord loans.
This is because the family building society has reduced housing fees at 20bps and launched a landlord product for a limited company for five years.
Cardiff-based mutual will cut 90% loans and value two-year home modifications tomorrow (Wednesday) at 20 bps, and see two-year joint tenant sole owner 90% LTV transactions fall at 20 bps.
The 5-year residential 75% LTV revision increases by 36bps, and 5-year 75% LTV joint borrower sole owner product increases by 40bps.
Lenders will introduce three bucket loans.
2-year 60% LTV correction, £2,499 product price 2-year 70% LTV correction, £2,499 product price 2-year 75% LTV correction, £2,499 product price
Meanwhile, the Family Building Society has launched a wide range of reduced owner occupants and purchase products, up to 20bps.
The association has also introduced a two-year interest-only variation on loans over £500,000, with up to £4 million, which can be used semi-exclusively.
Interest-only products with fixed-rate ownership occupancy rates for two years have decreased by 10bps, but fees for five years have been reduced by 5bps. We also reduced the number of joint borrowers' sole owner products for two years by 25bps.
The two-year owner occupant repayment adjustment has decreased by 20bps, but the five-year fee has decreased by 5bps.
The Family Building Society's UK landlord has a two-year revision reduced by 15bps and a five-year equivalent trimmed at 5bps.
We also reduced the 5- and 2-year limited company revisions by 15bps.
For the landlords of the limited company, the association has added a new five-year BTL amendment. 3% product price is available for purchase and remoot application.