Related topic: Buy-to-let

Allica says the change could save business owners as much as £300,000.

The buy-to-let lender has added five new PT products across its core and specialist ranges.

The Bank says the appointment will support the growth of its buy-to-let lending and forge stronger relationships with brokers.

The new AVM remortgage products are available up to 75% LTV and comprise four two-year fixed rate options.

The rate changes apply across a broad range of products, including residential first and second charge, buy-to-let, commercial and semi-commercial lending.

The rate cuts also apply to GB Bank’s bespoke proposition at 65% LTV.

Rates now start from 3.29%.

The lender has launched a new special edition HMO range with a 0.15% reduction as part of the changes.

The lender’s lowest rates now start at 3.74%.

The range offers an alternative way to fund the purchase and refurbishment of a property.