Foundation Home Loans, the specialist buy-to-let lender, has reduced selected deals by up to 0.5 percentage points. Its standard BTL five-year fixed rate is now at 4.79percent with a 6percent fee. It is also offering a two-year fixed rate for landlords of houses in multiple occupation at 5.34percent with a 3percent fee. First Direct, HSBC, Santander, Virgin Money and Yorkshire building society are among lenders all still offering five-year fixed rates at under 4percent.
- Lenders are continuing to reduce the cost of mortgage deals, signalling that the cost of borrowing may have neared or even reached the top of the rate-hike cycle, writes Laura Howard.
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