The Mortgage Lender has made rate reductions in key areas of its buy-to-let product range.
It has re-priced its five-year fixed 75% LTV product, with rates now starting at 3.44% for standard properties with no completion fee and 3.55% with a 0.75% fee for HMOs.
Both come with a free valuation and customers who are remortgaging can choose from an option to receive cashback or free standard legal services.
Rates have also been reduced for the lender’s five-year fixed fee product, with the 75% LTV product reduced to 3.24% with a completion fee of £2,495 and is available on loans from £25,001 to £3m.
Steve Griffiths, sales director at The Mortgage Lender, said: “With the products we have announced today our borrowers, whether buying or remortgaging, have access to a competitive rate for five years alongside attractive incentives, allowing them to make decisions quickly, access capital for future investments and lock in rates now ahead of any potential movements on the Bank of England’s base rate.
“It is a competitive market, and the reprice reflects our continued desire to offer brokers innovative solutions for their cases.”
Original Article from Best Advice 02/11/21