Lendco has revised its BTL product suite by reducing its five-year fixed rates by up to 30 basis points and introducing new five-year fixes.
The new fixed rates are available on standard properties, as well as HMOs and MUBs.
The specialist lender offers loans up to £3m per asset (£10m maximum borrower exposure) on terms between two and 35 years, with maximum LTVs going up to 75%.
Loans can also be advanced to expat and foreign national borrowers up to £2.5m per asset.
The new BTL product range features low- and zero-ERC options so borrowers can switch into a better priced fixed rate in the future via a product transfer.
It also includes a range of five-year fixed rates with tiered product fees reducing the payrate, to borrowers that wish to fix, but are struggling with affordability.
Alex King, executive director at Lendco, said: “We feel this new range of products gives both brokers and borrowers alike the options they need to navigate this period of higher borrowing costs.”
“In addition to our BTL offering, we have bridge-to-let options for borrowers looking to acquire, modernise and improve the energy efficiency of properties before dropping into a BTL loan.
“Borrowers can capital raise on the BTL leg, so can access a proportion of the value they have created with minimal fuss.”
