If your client is interested in a two-year fixed or tracker rate buy-to-let and let-to-buy product, the 0-75% LTV fixed-rate products have been reduced by 0.3% with rates from 3.44% while the tracker rates have also been reduced by 0.3% with rates from 3.34%. Both have a £1,495 fee.
The three-year fixed rate buy-to-let products with 0-60% LTV have been reduced by 0.1% with rates from 3.39% and the 60%-75% LTV products have been reduced by 0.2% with rates from 4.39%. Both have a £995 fee and include a £250 cashback.
BM Solutions’ five-year fixed rate buy-to-let products with 0-60% LTV have been reduced by 0.2%, with rates from 3.59%, and its 60%-75% LTV products have been reduced by 0.5% with rates from 4.24%. All have a £1,495 fee and the offers include a £250 cashback.
Commenting, Phil Rickards, head of BM Solutions, said: “The buy-to-let and let-to-buy markets have had a strong first quarter and we have seen strong rental demand underpinned by steady house prices.
“This set of rate reductions provides further support to those landlords looking to switch their existing mortgage simply, quickly and cost-effectively.”