Quantum cuts buy-to-let rates by up to 0.95%

Buy-to-let mortgage lender, Quantum Mortgages, has announced substantial rate reductions across its fixed term product range.

The company is reducing rates by up to 80bps on two, five and seven-year fixed-rate buy-to-let mortgages, and up to 95bps on its green range for landlords committed to sustainable property investment.

Highlights for single units include two-year fixed rates from 6.74%, five-year fixes from 5.89%, a five-year limited edition product at 5.49%, and a seven-year fix at 5.79%.

In its green LTV Boost product range, available at 81% or 82% LTV, the largest reduction is to a two-year fixed rate which is down by 95bps to 6.95%. A five-year fix has decreased to 6.40% and a seven-year fix to 6.30%.

For multi-units, HMOs and holiday lets, two-year fixed rates now start at 6.84%, five-year fixes from 5.69%, and seven-year fixes from 6.19%.

The new rates apply to new buy-to-let mortgage applications as well as existing landlord clients seeking to refinance their investments.

Harsha Dahyea, head of sales at Quantum Mortgages, said: "We are thrilled to introduce these rate reductions, providing our landlord clients with a competitive edge in the property investment market. Our commitment to sustainability is further emphasised with the substantial rate cuts on our green range for landlords dedicated to eco-friendly property investments."