The Mortgage Lender reduces BTL fixed rates
By Martin GreenlandThe Mortgage Lender has reduced several of its five- and two-year fixed rates for limited company and HMO buy-to-let investors
Section: HMO/MUFBs
The lender’s five-year fixed rate product for investors in HMO will be available at 70% LTV with a rate of 3.65% and a 2% fee while its two-year fix starts at 3.49%.
Meanwhile, the two-year limited company fixed rate product will be available at 70% LTV with a rate starting at 3.25% and a 1.5% fee while its five-year fix starts at 3.59%.
“Our buy-to-let range has proved really popular with brokers, these changes make us even more competitive and demonstrate we’re not happy to stand still but are constantly striving to provide greater choice and flexibility for brokers,” said Peter Beaumont, deputy chief executive at The Mortgage Lender (pictured above).
The Mortgage Lender has also simplified the approval process for conveyancers wanting to act on limited company buy-to-let transactions.
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Source: BTL Insider — https://btlinsider.co.uk/the-mortgage-lender-reduces-btl-fixed-rates