MT Finance has cut rates across its BTL products by up to 50bps.
These cuts, which also impact the lender’s recently launched tier 2 range, have been made with immediate effect.
Rates are now available from 3.19% on MT Finance’s two-year fixed standard residential BTL tier 1 product and 3.89% for its two-year fixed standard residential tier 2 product.
Across these products, ICR stress testing is 125%.
MT Finance has made the move following the Bank of England’s recent 0.25% base cut rate to 4.5%.
“Our decision to reduce rates across our entire BTL range reflects both market conditions and our commitment to delivering value for property investors,” said Marylen Edwards, director of mortgages at MT Finance (pictured above).
“With rates now starting from 3.19% and our recently launched tier 2 product at 3.89%, we're ensuring our proposition remains highly competitive while maintaining our focus on service excellence."
