Mortgage lender cuts BTL rates and launches new product

The mortgage lender cut rates on its buy-to-let range and launched a new product.

The company has announced that it has priced its five-year 75% fixed loan to value cash back and fee assisted products, with rates now starting at 3.33% for standard properties and 3.45% for multiple occupancy homes.

Both offers come with a free valuation and free legal services, for purchases, or a £500 discount, for mortgages.

It also reduced rates on its LTV product to 80% reimbursement and fees over five years, with rates now at 4.05%. The product also comes with a free valuation and either free legal services, for purchases, or £500 cashback, for mortgages.

The company is also launching a new five-year high-cost 70% LTV mortgage at a rate of 3.20%, which comes with a completion charge of £2,495.

Mortgage lender sales and product manager Steve Griffiths says: “We strive to give borrowers, whether they are buying or repaying, access to products that are simple in design and transparent about all fees.

Along with attractive incentives, our range of fixed rate mortgages and fee variations cater to different customer needs, helping to provide more borrowers with flexible and competitive products.

The price revision reflects our continued commitment to providing brokers with innovative solutions for borrowers. »

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