BTL mortgage lenders announce rate cuts

BTL mortgage lenders announce rate cuts

0:07 AM, 6th December 2024, About a month ago

Text Size

Several leading mortgage providers have introduced rate cuts across their buy to let mortgage products.

Accord Mortgages has made reductions of up to 0.45% on certain three-year products for landlords, while two-year fixed rates have been lowered by up to 0.35%.

Five-year fixed rates are also seeing a reduction of up to 0.20%.

The new range includes a fee-free two-year fix at 5.19% for remortgaging, a five-year fix at 4.64% for house purchases, and a two-year fix at 6.43% for first-time buyers with a 5% deposit.

Landlord offers include a two-year fixed rate at 5.54% for house purchases up to 80% LTV and a three-year fixed rate at 4.69% for remortgaging up to 65% LTV.

Gemma Hyland, Accord’s mortgage product manager, said: “We’re thrilled to introduce these changes, which refresh both our residential and buy to let ranges – ensuring that we provide the best value possible, and demonstrating our ongoing commitment to supporting a wide range of borrowers with different circumstances or needs.”

Limited edition BTL rates

Aldermore has launched new five-year limited-edition rates for its BTL clients.

Individual and company landlords can access rates starting from 5.74% with no fee for single residential properties and 5.69% for multiple properties.

Jon Cooper, director of mortgages at Aldermore, said: “These latest limited-edition products offer timely and compelling deals for brokers and their clients, especially before the market begins to wind down in the build-up to Christmas.”

Landbay’s rate reductions

Landbay has also announced a series of rate reductions, cutting up to 0.20% off standard two-year and five-year fixed-rate products.

Rates now begin at 3.59% for two-year fixed products up to 75% LTV and 4.49% for five-year fixed products in the non-portfolio range.

Rob Stanton, sales and distribution director at Landbay, said: “Following reductions last week and our limited-edition launch this week, it’s great to be able to make further rate cuts across our product range.

“Not only does it add to the efficiencies and cost savings of our popular AVM range, but it keeps our product range competitive.”

For assistance with any type of buy to let (BTL), property or commercial finance please complete the contact form below:

Contact Brooklands Commercial Finance

  • How can I help you?


Share This Article


Leave Comments

In order to post comments you will need to Sign In or Sign Up for a FREE Membership

or

Don't have an account? Sign Up

Landlord Automated Assistant Read More