Lendco has introduced a new five-year fixed-rate product range for standard BTL with a headline rate of 5.99%.
The core product suite remains unchanged aside from the inclusion of two two-year fixed-rate products.
The new range is available at up to 75% LTV with a tiered fee structure to promote maximum leverage, in order to meet the needs of experienced portfolio landlord borrowers.
There is a limited amount of funding available at these rates, so borrowers will be able to secure them on a first come, first served basis.
Alex King, executive director of Lendco, said: “After what has been a very trying period of constant rate rises, we spotted an opening which enabled us to release these products.
“While they are limited-edition [products], we feel they offer an opportunity to those borrowers who have thus far been reluctant to commit to a fixed rate in the hope of seeing interest rates drop.”
