Chris Holmes, product and proposition manager at HRBS, said: “The BTL market is not showing any sign of slowing down, with the expectation that the market will see a large increase in remortgage demand in the coming months as landlords come to the end of 5-year fixed rate deals taken out in 2017."
Hinckley & Rugby Building Society (HRBS) has reduced the rates on many of its buy-to-let (BTL) products from its core and niche product ranges.
Notable reduced products within its BTL core range include a 75% loan-to-value (LTV) 2-year discount at 1.70%, 75% LTV 2-year fix at 2.10% and a 60% LTV 5-year fix at 2.50%.
Within the lender's BTL niche range, it is now offering a 75% LTV 2-year discount at 2.10% and a 75% LTV 2-year fix at 2.60%.
Chris Holmes, product and proposition manager at HRBS, said: “The BTL market is not showing any sign of slowing down, with the expectation that the market will see a large increase in remortgage demand in the coming months as landlords come to the end of 5-year fixed rate deals taken out in 2017.
“The significant cuts to our BTL rates have been designed to offer good value for landlords coming to the end of current deals.”
