New Street Mortgages has made rate cuts across its entire buy-to-let 5-year fixed range by up to 0.65%.
The lender’s no fee mortgage to 75% loan-to-value has been reduced to 3.39% from 4.04%, while with a 1.50% fee its 5-year fix now stands at 3.09% to 75% LTV and 2.74% to 65% LTV.
The rates are live from tomorrow.
Steve Griffiths (pictured), sales and distribution director, The Northview Group, said: “Today’s rate reductions from New Street are another step in our mission to beat the high street and offer great value for money for customers looking to secure a buy-to-let mortgage.
“Following the launch of our new lending criteria, these changes to our 5-year fixed rate mortgages in particular make New Street a highly attractive option for borrowers.
“We firmly believe these new rates and New Street’s innovative approach to the buy-to-let market will resonate with borrowers looking to get a foothold or make their next purchase in the buy-to-let market.”