The Mortgage Lender cuts buy-to-let rates

The lender has re-priced its five-year fixed rate products at 75% LTV, with rates now starting at 3.33% for standard properties and 3.45% for HMOs. Both come with a free valuation and either free legal services for purchases or £500 cashback for remortgages.

Rates have also been reduced at 80% LTV, with rates now at 4.05%. The product also comes with a free valuation and either free legal services or £500 cashback.

In addition to the product re-prices, The Mortgage Lender has launched a new five-year mortgage at 3.20% up to 70% LTV with a completion fee of £2,495.

Steve Griffiths, sales and product director at The Mortgage Lender, commented: “We endeavour to give borrowers, whether they are buying or remortgaging, access to products that are straightforward in design and transparent on all fees.

"Along with attractive incentives, our range of fixed rate mortgages and fee variations accommodate different customer needs, helping provide more borrowers with flexible and competitive products. The re-price reflects our continued desire to offer brokers innovative solutions for borrowers.”