Category: Remortgaging

TSB cuts rates

The lender has cut rates for purchase and remortgage products.

The firm has received 100 five-star reviews and two four-star reviews.

MBS Lending has also cut completion fees on the products.

The lender will now apply a stress rate of 1%, instead of 3%, above its standard mortgage rate.

Maria Harris, director of Digital Cat Consultancy, will become Brightstar’s technology consultant.

Lenders reported that in Q4 demand for secured lending for remortgages increased.

The number of residential mortgages approved rose by 1.9% from November to December.

The Bank of England and FCA are encouraging market makers to switch sterling interest rates from LIBOR to SONIA in March.

Connaught Private Finance will advise on residential and buy-to-let mortgages, commercial, development and bridging finance.

Accord cuts rates

Accord has also increased cashback on selected remortgage products at 95% LTV.