United Trust Bank has slashed some buy-to-let fixed-rate loans by up to 190 basis points on its mixed-use, multi-unit freehold blocks and single-rent homes in its holiday range.
Highlights include:
- Two-year fixed rate drops from 5.69% to 3.89%
- Five-year restoration fees start at 5.19%
- Two-year restoration fee starts from 4.24%
- Five-year restoration fees start from 5.49%
- Two-year restoration fee starts from 4.69%
- Five-year restoration fees start from 6.14%
The rate cut comes after the bank relaxed standards for landlords in several areas earlier in the summer.
Buster Tolfree, managing director of BTL and bridging mortgages at UnitedTrust Bank, said: “Lower rates coupled with enhancements to our BTL standards will provide brokers with more options to help their landlord clients gain the flexibility of a specialist lender without impacting on price.”
