Lendco has reduced its two- and five-year fixes by up to 0.55% across its standard BTL, HMO and MUFB range.
The lender has also made additional changes, with all tracker products now being ERC-free as well as a refresh of the product transfer and bridge exit products.
standard five-year fixed rates from 5.44%
two-year trackers from 1% over three-month SONIA with no ERCs
improved options and pricing for ex-pats and foreign nationals
Alex King, executive director at Lendco (pictured above), said: “We are very pleased that we are finally able to deliver to our intermediaries a downward move in pricing.
“Although reductions are very welcome, we have aimed to deliver further optionality to our brokers.
“They will have customers who wish to wait to see if inflation and rates settle in the medium term before securing a longer duration fixed rate; our two-year and tracker options should prove attractive to these borrowers.”
