Newbury Building Society has launched fixed-rate residential loans and cut rates by up to 40 basis points in its range, while property development lender TAB has reduced its monthly bridging rate.
Newbury says its changes cover:
- Five-year fixes at 75% loan to value, down to 4.99% from 5.39% to January 2029
- Three-year fixes at 75% LTV down to 5.29% from 5.59% to January 2027
- New two-year fixes at 75% LTV at 5.59% to March 2026
- New three-year fixes at 85% LTV at 5.79% to January 2027
- New three-year fixes at 90% LTV at 5.99% to January 2027
The mutual says these products charge no application or product fees, and at available across England and Wales.
The society has also introduced a new three-year First Homes loan at 65% LTV.
Newbury Building Society lending manager Roger Knight says: “These products can be used in a range of circumstances, including, but not limited to, first-time buyers searching for their first step onto the ladder, those looking for lending up to the age of 90, and remortgaging — including capital raising and like for like.”
Meanwhile, TAB has lowered its residential first charge bridging rates to 50bps per month, plus base rate.
TAB sales development manager Jon Sturgess says: “With access to a £300m funding line, TAB can offer these new rates and further cements our reputation for offering clients access to fast, flexible funding options.”
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