Newbury BS cuts BTL rates, scraps booking fees 

Newbury Building Society has cut rates across its buy-to-let range by up to 40 basis points and scrapped booking fees. 

The mutual’s changes, which cover limited company, holiday lets, and expat loans, include: 

• Five-year fixes – reduced from 5.79% to 5.49% 
• Limited company three-year discounts increased to 1.50% 
• Limited company five-year fixes – reduced from 6.29% to 5.89%  
• Expat three-year discounts increased by 0.25% to 1.25% 
• Expat five-year fixes – reduced from 6.69% to 6.29% 
• Three-year discounts increased to 1.75% 
• Five-year discounts increased to 1.75% 
• Holiday let three-year discounts increased from 1.00% to 1.25% 
• Holiday let five-year fixes – reduced from 6.69%/6.89% to 6.29%/6.49% 

The mutual says its removed booking fees were £300 applied to the fixed rate products. Application fees still apply. 

Its products are available across England and Wales, although the expat loans do not apply to those living in a European Economic Area country. 

Newbury Building Society lending manager Roger Knight says: “The Newbury has always been known for its flexible approach to specialist mortgage lending and we know many brokers turn to us for more complicated or unusual buy to let cases.  

“We’re very pleased to have been able to respond to the increased stability within the mortgage market in this way.”