More lenders adjust rates across market
Specialist lender MT Finance has updated the lending criteria for its large multi-unit freehold block (MUFB) mortgages and introduced a new semi-commercial buy-to-let product.
The lender said the updated MUFB criteria are aimed at increasing accessibility and offering more tailored options for investors targeting larger multi-unit properties. The semi-commercial product, now available to intermediaries, supports clients investing in properties with mixed commercial and residential components. It comes with flexible criteria and competitive rates.
“We are excited to introduce more flexible criteria for our large MUFB product and to expand our buy-to-let offering with the launch of our new semi-commercial product,” said Marylen Edwards (pictured), director of mortgages at MT Finance. “These developments are a direct result of our ongoing dialogue with intermediaries and our commitment to providing solutions that meet the evolving needs of the buy-to-let market. We believe these enhancements will provide valuable opportunities for property investors.”
Elsewhere, multiple lenders have made rate adjustments in response to market trends and monetary policy changes.
Principality Intermediaries announced modest rate increases across several residential mortgage products. Fixed rates on selected 65% loan-to-value (LTV) products have been increased by up to 0.10%, while certain 75% LTV products have been hiked by up to 0.12%, including those with cashback.
Molo Finance, meanwhile, has cut rates on its non-UK resident fixed rate range by 30 basis points (bps), with two-year fixed rates starting from 7.44% and five-year fixes from 7.24%. Lending is open to individual and company landlords residing in more than 100 countries, covering up to 85% LTV on properties in England and Wales. The offering supports specialist cases such as HMOs and MUFBs, and includes features like the Overpayment Reserve Account.
Aldermore also implemented widespread reductions across its BTL and residential product lines. For new customers, fixed rates for buy-to-let borrowers were cut by up to 0.35%, depending on property type and fee structure. Residential owner-occupier rates also fell by up to 0.25%. Existing customers switching products saw reductions of up to 0.30% on BTL and up to 0.20% on high LTV residential loans.
Similarly, Aspen Bridging implemented significant price reductions. Bridging rates fell by up to 72bps, with new pricing on residential bridging at 0.78% per month and heavy refurbishment loans from 0.78%. The lender also introduced a large loan option for amounts between £2 million and £15 million, with flat rates from 0.75% per month and stepped rates from 0.39%.
Want to be regularly updated with mortgage news and features? Get exclusive interviews, breaking news, and industry events in your inbox – subscribe to our FREE daily newsletter. You can also follow us on Facebook, X (formerly Twitter), and LinkedIn.
