Mortgage Engineering has reduced interest rates in selected Purchase Products (BTL) products by 0.30 percentage points.
New rates starting tomorrow include a two-year fixed rate on-switch BTL with a fee of 3%, which can be obtained with a loan-to-value (LTV), which has been reduced by 0.21% to 2.78%.
The two-year fixed interest rate is £1,495 and it can get up to 65% of LTV, a 0.13% to 3.99% reduction.
Meanwhile, interest rates for companies with switch BTL Limited have also dropped.
Two years of fixed interest rates at 3% product expenses, up to 75% of LTV, have been reduced by 0.10% to 4.04%.
Product fees at a two-year fixed rate of £1,495, up to 75% LTV reduced by 0.20% to 5.14%, five-year fixed rate and 3% product fees, up to 75% LTV, down 0.10% to 4.69%.
“These latest reductions demonstrate our ongoing commitment to our landlords who support us,” said Joe Avarne, senior manager of mortgage staff.
