The BTL specialist lender Quantum Mortgages has slashed rates across its two-, five- and seven-year fixed product range.
The BTL specialist lender Quantum Mortgages has slashed rates across its two-, five- and seven-year fixed product range.
The cuts apply for both purchases and remortgages of between 40bps and 110bps, depending on the product type.
Spencer Gale, director of distribution and marketing at Quantum, commented: “Experienced and professional landlords are still seeking opportunities to enhance their portfolio to achieve their desired yields and margins, despite the BoE rate rise for the 14th consecutive time to 5.25% last week.
“With the money markets remaining stable after the most recent rise, it seemed appropriate to review our pricing strategy and pass on the reductions to landlords.
“With us also broadening our product range last week with the addition of QML Pro, these changes should enable landlords to extract maximum value from their portfolio in remortgaging and enhancing it through their purchases.”
