Lenders launch seven day deals
In a bid to get borrowers to make quicker decisions about their mortgages, a number of lenders have turned to offering deals for very short periods of time. Birmingham Midshires launched some great buy to let mortgage rates at the start of this week, but they are set to withdrawn them at 8pm tonight. The lowest rate is a two year tracker at 3.75% and it's available up to 75% loan to value. The arrangement fee is 0.5%.
RBS have said that their 1.99% two year tracker rate will be withdrawn on November 12. However, Trinity Financial have not yet been given notice that this rate will be withdrawn and this would allow us to continue to access the mortgage through the NatWest for Intermediaries brand.
Accord Mortgages are now offering some low mortgage rates until midnight November 10. Two year fixes are as low as 2.89% and five year fixes at 3.79%. Both mortgages have a £995 arrangement fee and borrowers will require a 40% deposit.
November 5, 2010
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