The Mortgage Lender has released a £250m tranche of two and five-year fixed rate buy-to-let Limited Edition products with rate reductions of 0.15%.
The two-year fixed rate at 75% loan to value has an initial rate of 3.35% and the five-year fixed rate at the same loan to value is 3.31%. At 70% loan to value the five-year initial rate drops to 3.24%.
Limited Edition products are available to the whole of market for individual, Limited Company and LLP applicants for purchase and remortgage. They also offer a completion fee of 1%, standard valuation fees and a £150 application fee.
Steve Griffiths (pictured), The Mortgage Lender’s sales and product director, said: “The housing market is still strong despite the tapering off of the stamp duty holiday and landlords remain keen to refinance their portfolios and upgrade existing properties or add new ones.
“Our new £250m tranche offers top quartile specialist lending rates combined with specialist criteria for customer and property profile, and the ability for brokers to deal directly with their underwriter through the application process.”