Mortgage Project lowers interest rates on purchases (BTL), BTL, and Let-To-Buy mortgage ranges.
Cuts that will take effect tomorrow include selected two- and five-year fixed-rate products, with rates starting at 2.99%.
The lender’s BTL two-year fixed interest rate (buy and cash out) has been reduced by 0.15% to 2.99% with a fee of 3%, and a 65% loan-to-value (LTV).
It also cuts BTL’s five-year fixed interest rate (buy and cash out) by 0.10% to 3.74% at a fee of 3%, up to 65% of LTV.
Limited company BTL’s five-year fixed interest rate (purchase and cash out) has been reduced by 0.10% to 4.84% at a fee of 3%, receives 75% of LTV and offers a free valuation.
Meanwhile, limited company BTL biennium fixed interest rates (buy and cash out) costs 0.20% to 4.99% for £3,995, and receives up to 75% of LTV with free valuation.
“We are pleased to announce these latest changes and bring in our headlines over the past three years, which will be welcome news for brokers and landlords,” said Joe Avarne, senior manager of mortgage staff.
