The Mortgage Lender has cut rates on its five-year limited edition buy to let products and extended the range by adding houses of multiple occupation and multi-unit blocks to the offer.
Its five-year limited edition fixed rate at 75% loan to value for individual and limited company applicants comes down from 3.31 per cent to 3.2 per cent.
The new five-year fixed HMO/MUB product has an initial rate of 3.58% at 75% loan to value.
Limited edition products are available to the whole of the market for purchase and remortgage. They also offer a reduced completion fee of 1%, standard valuation fees and carry a £150 application fee.
The Mortgage Lender sales and product director Steve Griffiths said: “Our limited edition BTL products are designed to make it easier for brokers and landlords to refinance and add to their portfolios.
“Adding HMO and MUB properties to the mix gives landlords looking to purchase or remortgage those buildings access to competitive five-year rates and reduced completion fees, bringing down the overall cost of refinancing or purchasing while allowing them to leverage by borrowing up to 75 per cent loan to value.”
In July, the firm added a raft of new 80% LTV products to its core BTL range and reduced its minimum loan value to £25,001.
Original Article from Mortgage Strategy 09/09/21