Suffolk Building Society has cut rates on its fixed-rate 80% LTV BTL products by up to 26bps.
With immediate effect, two-year and five-year Expat BTL mortgages will both see a cut, with reductions up to 15bps.
Similarly, two-year and five-year fixed Expat Holiday Let rates will be cut by up to 19bps.
The building society’s BTL five-year fixed and BTL five-year fixed Light Refurb products will both see a cut of 26bps, and its BTL two-year fixed reduced by 14bps.
And finally, Suffolk’s five-year fixed Holiday Let and two-year fixed Holiday Let rates will be reduced by 14bps and 10bps, respectively.
“Landlords could do with some good news right now,” said Charlotte Grimshaw, head of intermediaries at Suffolk Building Society.
“Cutting our BTL rates is a practical way to offer support where we can.
“Alongside these reductions, we’re maintaining our flexible criteria to support borrowers who need a bit more headroom on some of the nuanced parts of their circumstances, whether they’re living abroad, or looking for a regulated BTL for a family member.”
