The Mortgage Lender cuts residential and BTL rates again

Published on

The Mortgage Lender has made further rate reductions across a series of its residential and buy to let products.

The lender has made rate cuts to a number of two-year fixed and five-year fixed products on the its RL0, RL1, RL2 and RL3 range have seen reductions, ranging between 20bps and 88bps, with rates now starting from 5.79%.

Alongside these residential rate changes, selected buy-to-let rates are being reduced by 30bps, with rates now starting from 4.86% for a five-year fixed product up to 75% LTV, with a 5% arrangement fee.

Steve Griffiths (pictured), chief commercial officer at The Mortgage Lender, said: “There have been encouraging signs in the market recently, with swap rates improving and confidence returning among residential owners and landlords. With many looking to take advantage of competitive rates currently on offer, we’re pleased to announce further significant rate reductions across the majority of our residential and buy-to-let product ranges.

“We will continue to monitor the market closely and continue to support customers whose needs may not be met by mainstream lenders, by providing our broker partners with accessible products and flexible criteria to meet their clients mortgage needs.”

Latest POLL

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Spring surge in property listings creates market opportunities

The average asking price for newly listed properties has risen by 1.1% (+£3,876) this...

Secure Trust Bank Commercial Finance appoints senior portfolio director

Secure Trust Bank Commercial Finance (STB CF) has announced the appointment of Carl Pykett...

Inflation expectations rise slightly as BoE releases latest survey

Public expectations for inflation and interest rates have edged higher, according to the Bank...

£1 billion lost annually as 50,000 London social homes used fraudulently

A shocking new report reveals that around 50,000 social housing properties in London are...

Other news

Spring surge in property listings creates market opportunities

The average asking price for newly listed properties has risen by 1.1% (+£3,876) this...

Secure Trust Bank Commercial Finance appoints senior portfolio director

Secure Trust Bank Commercial Finance (STB CF) has announced the appointment of Carl Pykett...

Inflation expectations rise slightly as BoE releases latest survey

Public expectations for inflation and interest rates have edged higher, according to the Bank...