MT Finance cuts all buy-to-let rates by up to 0.50%
Rates now start from 3.19%.
MT Finance has reduced buy-to-let mortgage rates by up to 0.50% 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 and 3.89% for its two-year fixed standard residential Tier 2 product.
ICR stress testing remains at 125% across all product options.
Marylen Edwards, director of mortgages at MT Finance, commented: “Our decision to reduce rates across our entire buy-to-let range reflects both market conditions and our commitment to delivering value for property investors.
"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."
Breaking news
Direct to your inbox:
More
stories
you'll love:
This week's biggest stories:
This week's biggest stories:
Santander
Santander launches 98% LTV ‘My First Mortgage’
First-time Buyer
Improved affordability sparks 20% rise in first-time buyers: NationwideÂ
Inflation
Further rate cuts dampened as inflation rebounds to 3.4%
Mortgage Rates
Two Big Six lenders increase mortgage rates as swaps rise
Bank Of England
Bank of England holds interest rates at 3.75% in narrow 5-4 vote
Interest Rates
Looser Fed policy stance could slow further rate cuts, policymakers warn