New research has revealed that over 1 in 5 properties require at least one price reduction to achieve a sale.
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In addition to the launch of the new two-year fix, the lender has also added a two-year discounted variable product with a low fee.
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The lender has reduced rates by up to 1.05%.
The lender has extended its criteria to include consumer buy-to-let as standard.
Both the auction property and the borrower’s main residence was cross-charged to secure the full £270,000 balance of the purchase price.
New buy-to-let rates start at 4.15%.
New business rates have reduced by up to 0.10%.
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