The Mortgage Lender amends BTL range
The Mortgage Lender has reduced rates and fees on its buy-to let range and introduced 2- and 5-year offerings.
The Limited Edition 5-year fix has an initial rate of 3.39% at 70% loan-to-value (LTV) and 3.5% for a 2-year fix at 75% LTV.
The existing 5-year fix has been reduced from 3.56% to 3.46% and completion fees for all of the Limited Edition products, for individual and limited company applicants, are down from 1.5% to 1%.
It has also reduced rates on its core buy-to-let range from 3.65% to 3.59% for a 5-year fix at 70% LTV and 3.75% to 3.69% at 75% LTV.
The 2-year fixes are down from 3.39% to 3.35% at 70% LTV and 3.55% to 3.45% at 75% LTV.
Reduced rates are available to the whole of market and have completion fees of 1.5% for individual and limited company applicants and 2% for HMO/MUB applicants.
Steve Griffiths, sales and product director of The Mortgage Lender, said: “Landlords and brokers are benefitting from increased competition in the specialist buy-to-let mortgage market.
“The combination of reduced rates and our Limited Edition with reduced completion fees makes us stand out from our peers.
“It also offers greater choice for landlords, whether they are looking to raise capital to increase the number of properties in their portfolio or refinance existing arrangements to better suit their needs.”