New Street Mortgages, a subsidiary of The Northview Group, has today announced a number of rate cuts on its buy-to-let mortgages
, with reductions to 5-year and 3-year fixed rate mortgages. The cuts mean that New Street now offers 5-year fixed rate mortgages from a competitive 2.74%.
New Street’s 5-year fixed range has been cut by up to 0.65%, with the 75% LTV 5-year fixed rate no-fee mortgage reduced from 4.04% to 3.39%. The lender has also reduced its 5-year fixed rate mortgages (1.50% fee) by up to 0.55%, with the 75% LTV product falling from 3.64% to 3.09% and the 65% LTV mortgage from 3.29% to 2.74%. New Street has also reduced its 3-year fixed rate 80% LTV mortgage to 3.34%.
Steve Griffiths, Sales and Distribution Director, The Northview Group, said:
“Today’s rate reductions from New Street are another step in our mission to beat the high street and offer great value for money for customers looking to secure a buy-to-let mortgage.
“Following the launch of our new lending criteria, these changes to our 5-year fixed rate mortgages in particular make New Street a highly attractive option for borrowers. We firmly believe these new rates and New Street’s innovative approach to the buy-to-let market will resonate with borrowers looking to get a foothold or make their next purchase in the buy-to-let market.”
Press Release date: 7th June 2017