MT Finance unveils sub-3% rate in series of cuts

MT Finance now offers a product with a sub-3% interest rate, after introducing cuts across its BTL range.

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The lender has made cuts of up to 24bps on selected BTL products.

With immediate effect, MT Finance now offers rates starting from 2.99% on its two-year fixed-rate standard residential BTL tier one product.

This is a reduction from 3.19%.

Elsewhere, MT Finance now offers rates from 3.65% on its two-year fixed-rate standard residential BTL tier two product.

"We are delighted to introduce this significant rate reduction, now offering a BTL product with a rate below 3%,” said Marylen Edwards, director of mortgages at MT Finance (pictured above).

“At a time when landlords and property investors are seeking value and stability, breaking through the 3% barrier reflects our confidence in the market."

Keywords: MT Finance, Rate Cut, BTL, Mortgage, Landlord, marylen edwards

Source: BTL Insider — https://btlinsider.co.uk/mt-finance-unveils-sub-3-rate-in-series-of-cuts