Lendco has made cuts of up to 20bps across selected two- and five-year fixed BTL rates.
These rate cuts apply with immediate effect and are available to new customers.
The rate cuts apply to products for single assets, HMOs, MUFBs and Holiday Lets.
Rate cuts range from 10bps to 20bps, depending on the product.
For example, a five-year fixed-rate product for single assets up to £1m has been cut from 5.35% to 5.25%.
“These latest reductions of up to 20bps across our two- and five-year fixed-rate products provide greater value at a time when borrowers continue to look for certainty and competitive pricing,” said Alex King, executive director at Lendco.
"We're pleased to be able to pass these savings on while continuing to offer the flexible underwriting, specialist expertise and service that our intermediary partners expect from Lendco."
