The Mortgage Lender and Keystone cut buy-to-let rates
The Mortgage Lender (TML), part of Shawbrook, has launched a range of new limited-edition buy-to-let products and reduced rates by up to 0.15% across its fixed-rate range while Keystone Property Finance has also cut rates by 0.15%.
TML’s new Limited-Edition products include two-year fixed rates starting from 3.79%. They are available with both 5% completion fee and fixed completion fee options.
The fixed-rate buy-to-let cuts are across its two-year and five-year ranges, including products for houses in multiple occupation (HMOs) and multi-loan customers.
The changes follow rate reductions previously announced by The Mortgage Lender in May, as well as the launch of a limited-edition 5-year fixed product and the reintroduction of selected 75% LTV products within its range.
Meanwhile, Keystone has cut rates across its two-year and five-year fixed rates on a wide range of buy-to-let products. Its fixed rates now start from 3.29%. The company has also expanded its HMO and multi-unit criteria to increase the maximum number of occupants from 15 to 20.
Offering more options
Louise Apollonio, sales and distribution director for retail mortgages at Shawbrook, said: “These changes are designed to give brokers more options when placing buy-to-let business, with competitive pricing and greater flexibility across our range.
“The launch of new Limited-Edition products, alongside rate reductions across our fixed-rate proposition, reinforces our commitment to supporting landlords at every stage of their investment journey.
“We understand the ambitions landlords have for their portfolios and continue to evolve our proposition to help brokers deliver the right outcomes for their clients.”
Elise Coole, managing director at Keystone Property Finance, said: “We are always reviewing our product range in line with market changes and, following the recent stability in SWAP rates, we have moved quickly to pass on improvements in pricing to our brokers.
“With many buy-to-let landlords focusing on their options in a changing market, it is vital that brokers have access to competitive pricing across a broad range of solutions. These latest reductions are designed to provide greater choice and increased confidence when placing cases.”