The Mortgage Lender has reduced several of its five and two-year fixed rates for Limited Company and Houses of Multiple Occupation (HMO) buy to let investors.
Its five-year fix for investors in HMO is now the most competitive on the market at 70 per cent loan to value with a rate of 3.65 per cent and a 2 per cent fee. Its two-year fix starts at 3.49 per cent.
Its two-year Limited Company fix starts at 3.25 per cent up to 70 per cent loan to value with a 1.5 per cent fee and its five-year fix starts at 3.59 per cent.
It has also simplified the approval process for conveyancers wanting to act on limited Company buy to let transactions. The Mortgage Lender deputy chief executive Peter Beaumont said: “Our buy to let range has proved really popular with brokers, these changes make us even more competitive and demonstrate we’re not happy to stand still but are constantly striving to provide greater choice and flexibility for brokers.”
The Mortgage Lender caters for a wide range of borrowers including employed, self-employed, those with impaired credit, lending into retirement and buy to let investors.