The reductions apply to selected 2-year and 5-year fixed-rate products.
Lendco has reduced rates across selected buy-to-let (BTL) mortgage products by up to 20 basis points, while introducing split pricing across different asset types to strengthen its proposition for brokers and professional landlords.
The reductions apply to selected 2-year and 5-year fixed-rate products and are available immediately through the lender’s intermediary channel.
Lendco said the changes are designed to provide landlords with more competitive funding options while giving brokers greater flexibility when placing cases.
The lender’s buy-to-let proposition supports portfolio landlords, limited company borrowers and clients with more complex lending requirements.
Alex King, executive director at Lendco, said: “We’re committed to continually reviewing our product range to ensure we’re delivering competitive solutions for brokers and their landlord clients.
“These latest reductions of up to 20bps across our two- and five-year fixed-rate products provide greater value at a time when borrowers continue to look for certainty and competitive pricing.
“We’re pleased to be able to pass these savings on while continuing to offer the flexible underwriting, specialist expertise and service that our intermediary partners expect from Lendco.”
Brokers can access the new rates immediately through its intermediary platform and business development team.