Lendco has introduced a new range of BTL products, with reductions of up to 74bps across its two and five-year fixed-rate mortgages.
The current range also features lower arrangement fee options, plus an expansion of the Verde product range which rewards landlords with energy-efficient properties that have an EPC rating of A-C.
The standard BTL products are available at 4.09% with a 5% fee for a two-year fixed rate, and 5.04% with a 4% fee for a five-year fix.
Meanwhile, its HMO/MUFB options are priced at 4.40% and 5.44% for a two- and five-year fix, respectively — both options come with a 5% fee.
The lender’s tracker two-year fix is priced at 3M SONIA + 1%.
The new BTL product suite offers loans between £100,000 and £3m at up to 75% LTV — except for large HMOs that have 13-20 units, which can get up to 70% LTV.
It is available for a range of borrowers, including UK nationals, expats and foreign national landlords.
“We are delighted to welcome 2024 with a reduction in fixed-rate pricing for our brokers and their borrowers,” said Alex King, executive director at Lendco.
“The outlook for 2024 seems to be more positive and we look forward to what we hope to be more stable conditions.
“Our best pricing is reserved for those borrowers who operate the most energy-efficient homes for their tenants and our refurbishment-to-let options are proving very popular with those borrowers looking to do just that.”
