The changes apply across both single family let and complex property products, as well as the lender’s recently launched limited edition range for landlords with three or fewer mortgaged properties.
Rely has reduced rates by up to 0.25% across its buy-to-let (BTL) range, including selected 1-, 2- and 5-year fixed products for small landlords and 2-year fixed deals for medium and large landlords.
The changes apply across both single family let and complex property products, as well as the lender’s recently launched limited edition range for landlords with three or fewer mortgaged properties.
Following the reductions, Rely’s rates now start from 3.83% on a 1-year fixed rate at 75% loan-to-value (LTV) with a 3% fee, 3.51% on a 2-year fixed rate at 55% LTV with a 5% fee, and 4.68% on a 5-year fixed rate at 55% LTV with a 5% fee.
Adrian Moloney (pictured), group lending distribution director at Rely, said: “These latest reductions further strengthen our buy-to-let proposition and provide brokers with even more competitive options for landlords looking to purchase or refinance.
“Whether supporting straightforward buy-to-let cases or more complex property transactions, we remain committed to delivering competitive products backed by the service, expertise and support brokers expect from Rely.”