The Mortgage Lender launches new buy-to-let products and reduces rates

The Mortgage Lender is launching two new buy-to-let products and reducing rates across its range.

The lender’s new products include a standard two-year fix at 4.69% with a 5% completion fee, and an HMO/MUB two-year fixed product with an initial rate of 6.19% and 3% completion fee.

In addition, the specialist lender has reduced pricing on four of its buy-to-let five-year fixed standard and standard HMO products. At 75% LTV five-year fixed rates have reduced by up to 15bps, with completion fees of 5%, 3%, 2% and a flat fee of £2,495.

The new product launches and rate reductions aim to provide brokers with more choice to offer their clients, which include experienced individual landlords, portfolio landlords, and HMO property investors, whether they are purchasing or remortgaging properties in their portfolios.

Steve Griffiths, chief commercial officer at The Mortgage Lender, commented: “In an increasingly competitive market, with affordability challenges still prevalent, we recognise that brokers and landlords are still seeking the best rates possible for their properties and portfolios. We’re pleased to not only introduce new products to the market, but also offer rate reductions on a number of our buy-to-let products, giving brokers more choice for their customer base.”