They introduce reductions across BTL and second charge products

Aligning with a broader market trend of lenders reducing rates following the Bank of England’s base rate decision earlier this month, specialist lenders MT Finance and Selina Finance have announced mortgage rate cuts across their product ranges.
MT Finance has reduced its buy-to-let mortgage rates by up to 50 basis points (bps) across all products, including its recently launched Tier 2 range.
The lender now offers rates starting from 3.19% for its two-year fixed standard residential buy-to-let Tier 1 product, with the Tier 2 equivalent priced at 3.89%. Income coverage ratio (ICR) stress testing remains at a competitive 125% across all options.
We've expanded our buy-to-let offering with a new Tier 2 product, accommodating underserved customer profiles with more flexible criteria to provide you with a more effortless service.
— MT Finance Group (@MTFinance) February 24, 2025
Looking to get a buy-to-let deal over the line? Get in touch. 👉 https://t.co/eq0NRN1Ct3 pic.twitter.com/g5RWbAim37
“With rates now starting from 3.19%, and our recently launched Tier 2 product at 3.89%, we’re ensuring our proposition remains highly competitive while maintaining our focus on service excellence,” said Marylen Edwards (pictured left), director of mortgages at MT Finance.
Meanwhile, Selina Finance has lowered pricing across its second charge mortgage range, introducing reduced rates on two- and five-year fixed-rate products, as well as variable options.
The lender’s five-year fixed rate product, available up to 50% loan-to-value (LTV), has dropped by 1.55% to 6.34%. For borrowers with up to 65% LTV, the five-year fixed rate offering now stands at 6.39% after a 1.60% reduction.
Selina has also trimmed rates by up to 1% on high LTV products, including its 87.5% LTV two-year fixed rate product, now available at 9.09%. For products with LTVs above 85%, rates will be provided on application. In addition, the lender has adjusted fees for loans between £10,000 and £25,000 to £895.
“These rate reductions enhance the value we offer, ensuring brokers can support their clients with attractive second charge options, even in a challenging economic environment,” said Stacey Woods (pictured right), head of intermediary sales at Selina Finance.
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