BM Solutions reduces buy-to-let rates by up to 0.30%

BM Solutions, the buy-to-let brand of Lloyds Banking Group, has reduced rates by up to 0.20% across its two and five-year purchase and remortgage products.

In the lender's purchase range, the largest reduction is two a two-year fixed rate at 80% LTV, down by 30bps to 5.66% with no fee.

Other two-year purchase rates have reduced by between 20-21bps, now starting from 2.58% at 50% LTV, 2.68% at 65% LTV, and 2.88% at 75% LTV.

For remortgage, the largest reduction is once again to a two-year fix at 80% LTV, down to 5.62% fee-free or 5.20% with a £1,499 fee.

Other two-year remortgage rates mirror BM's purchase rates at 50%, 65% and 75% LTV.

Five-year remortgage rates have been cut by up to 0.28%, starting from 4.23% at 50% LTV, 4.33% at 65% LTV, and 4.53% at 75% LTV, all fee-free.