Newbury Building Society has cut rates on three standard residential fixed-rate home loans for new and existing borrowers by up to 30 basis points.  

The changes at the mutual cover:  

Standard residential 75% loan-to-value five-year fixes fall 30bps to 5.39%  
Standard residential 75% LTV three-year fixes fall 20bps to 5.59%  
Existing borrower residential 75% LTV three-year fixes fall 20bps to 5.49%  

The lender says these products are available for properties throughout England and Wales, existing borrowers will not incur application or booking fees.  

Newbury Building Society lending manager Roger Knight says: “The stabilisation of the financial market and swap rates have allowed us to reduce pricing by up to 30 basis points across three of our fixed-rate mortgage products.  

“We know fixed-rate mortgages are popular both with customers looking for certainty when they remortgage, as well as first-time buyers who are less experienced and want to know how much they will pay over a certain period.”  

The post Newbury BS cuts resi rates by up to 30bps for new and existing borrowers    appeared first on Mortgage Strategy.

​