Category: Buy-to-let
Simon Garner, buy-to-let mortgage manager at Accord, said: “Reducing the rates on these selected products will give brokers and their landlord clients better value.”
The updated range, launched following broker feedback, includes a 0.20% reduction to 5-year fixed rate products.
The report involved 550 agents and 1,700 tenants from across the UK, as well as insights from industry figures including Christopher Watkin, Paul Shamplina and Peter Knight.
The lender has reduced rates by up to 0.60% across its buy-to-let range on mortgages up to £1m.
The changes see 2-year fixed rates start at 3.84% up to 65% loan-to-value (LTV), 3.99% at up to 70% LTV and 4.09% up to 75% LTV.
All products include a free basic valuation and free standard legal fees for remortgages.
The club, which launched five months ago, already has 40 lenders on its panel with more to be added by the end of Q4.
Richard Rowntree (pictured), managing director for mortgages at Paragon Bank, said: “We’re offering two products that are fairly unique in that the extremely competitive rates are available not only on single self-contained units but also HMOs and multi-unit blocks.”
BC Invest’s decision to enter the UK comes on the back of the firm’s growth in the APAC region where it has originated over £1.27bn (A$2.4bn) worth of loans.
Castle Trust Bank has reduced its rates and simplified its range of houses in multiple occupation (HMO) and holiday let mortgages as part of an overhaul of its specialist buy-to-let range.