Rely cuts buy-to-let rates by up to 25bps

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Rely has reduced rates by up to 25 basis points across a range of buy-to-let products.

The OSB Group lender has cut selected 1-, 2- and 5-year fixed rates for small landlords, alongside 2-year fixes for medium and large portfolio landlords.

Reductions apply across single-family lets and more complex property types, covering both purchase and remortgage cases.

Rely’s recently launched limited-edition range for landlords with three or fewer mortgaged properties has also been repriced.

COMPETITIVE OPTIONS

Adrian Moloney (main picture), 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.”

NEW RATES

The lender’s updated range includes:

  • A 1-year fixed rate of 3.83% at 75% loan-to-value with a 3% fee.
  • A 2-year fixed rate of 3.51% at 55% LTV with a 5% fee.
  • A 5-year fixed rate of 4.68% at 55% LTV with a 5% fee.

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