The Mortgage Lender has cut fixed rates across its landlord and residential products by up to 25 basis points – and widened the range of brokers who can access its buy-to-let limited edition loans.
The specialist lender says it has reduced selected rates across its BTL range by up to 15bps.
This includes several of its five-year standard fixes by 5bps, its five-year houses in multiple occupation deals by 10bps, and its five-year houses in multiple occupation fee saver offers by 15bps.
- Five-year 75% LTV fee range up to £500,000
- Five-year 75% LTV percentage fee ranges of 2%, 3%, and 5%
- Five-year 75% LTV fee saver, for purchase and remortgage only
The lender has also widened the distribution access on its five-year 75% loan to value limited edition multi-loan product, which is now available to all mortgage brokers.
The firm has also made several rate reductions of up to 25bps to its residential range.
These include changes to the following two- and five-year real life core range:
- Two- and five-year real life core range for purchase only with cashback and free valuation incentives
- Two- and five-year real life core range for remortgage with cashback and free valuation incentives
The business has also removed valuation fees on all core products up to 75% LTV – but these remain on its large loans.
The Mortgage Lender head of sales Chris Kirby says: “Our latest rate reductions, alongside removing valuation fees on a number of products and widening the distribution of our BTL multi-loan products, will deliver more choice and flexibility to the market for brokers.”
Publisher: Source link