The Mortgage Lender cuts 2-, 5-year BTL rates by up to 40bps – Mortgage Strategy
The Mortgage Lender has cut rates across its two- and five-year fixed buy-to-let loans by up to 40 basis points.
The broker-only lender’s Fee Saver Remortgage product, down by 40bps is its biggest reduction.
The firm’s other reductions include a 20bps decrease for its five-year fixed-rate offer at 75% loan to value in its BTL core range, bringing the product, with a 5% fee, down to its lowest initial rate of 4.64%.
Houses in multiple occupation deals have seen a cut of up to 25bps, with its two-year fixed-rate loan falling by 20bps.
The Mortgage Lender head of sales David Eaves says: “At a time of continued cost-of-living pressures and affordability challenges, we recognise all are looking for the best option available on the market to suit their circumstances.
“We continue to focus on providing our broker partners access to competitive mortgage deals and the ability to offer their clients appealing products.”