![Big Mortgage Rate Reductions Big Mortgage Rate Reductions](https://cdn1.gnbproperty.com/gnb-user-uploads/cnb/blog/pau/20240122034233_8c2bae5933d61f0f962257983bf5957f.jpg)
Within the residential range, purchase and remortgage rates have been cut with reductions of up to 0.69 per cent applied.
This includes its five-year fixed remortgage rates at 60 per cent loan to value (LTV) has fallen from 4.58 per cent to 3.89 per cent. It is subject to a £1,495 fee.
First-time buyer range, cuts of up to 0.4 per cent have been made to purchase and remortgage rates. An example includes its two-year fixed rate purchase rate at 90 per cent LTV which has gone from 5.34 per cent to 4.94 per cent. It has a £995 fee and £250 cashback.
Shared equity range has cuts around 0.25 per cent, including its five-year fixed rate purchase deal at 60 per cent LTV which has been cut from 4.39 per cent to 4.14 per cent. It has a £995 fee and £250 cashback.
On the buy-to-let side, reductions of around 0.44 per cent have been made, impacting purchase and remortgage products.
An example includes its five-year fixed rate purchase product at 75 per cent LTV going from 4.94 per cent to 4.5 per cent. It has a £995 fee.
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