Quantum Mortgages reduces rates by up to 110bps

Specialist buy-to-let lender, Quantum Mortgages, has announced rate cuts across its entire two, five and seven-year fixed rate product range.

Rate cuts are between 40bps and 110bps and cover both purchases and remortgages.

The lender’s reductions run across its single unit range up to 80% LTV, its multi-unit, HMO and holiday let range up to 75%, its expat and foreign national range up to 75% LTV, its specialist range up to 70% LTV, and its newly launched QML Pro range up to 65% LTV.

Spencer Gale, director of distribution and marketing at Quantum, commented: “Experienced and professional landlords are still seeking opportunities to enhance their portfolio to achieve their desired yields and margins, despite the Bank of England rate rise for the 14th consecutive time to 5.25% last week.

"With the money markets remaining stable after the most recent rise, it seemed appropriate to review our pricing strategy and pass on the reductions to landlords. With QML also broadening its product range last week with the addition of QML Pro, these changes as we approach the busiest months of the year, should enable landlords to extract maximum value from their portfolio in remortgaging and enhancing it through their purchases.”