Related topic: Landlords

All 2-year fixed BTL rates have been reduced by 10bps to a new low of 3.14%.

The new holiday-let products are available for individual and portfolio landlords across England, Scotland, and Wales.

FHL has cut its two- and five-year fixed rate holiday let products by 0.10%, bringing five-year fixes down to 6.24%.

2-year fixed rate remortgages are now available at 4.49%, max 75% LTV, with a 2% fee.

Two-year rates are available at 3.14% for HMOs and MUFBs with seven to 12 bedrooms or units.

Extending the 8% charge to rental earnings could generate in the region of £2bn.

The new process reduces document requirements for loans up to 75% LTV and £2 million exposure.

Up to 75% LTV available on buy-to-let loans assessed under AST valuations.

Rates reduced by 25bps on first and second charge BTL loans.

Two, three, and five-year products have seen rates reduced.