Rates reduced by 25bps on first and second charge BTL loans.
Related topic: Landlords
Two, three, and five-year products have seen rates reduced.
The mortgage market has recorded a record number of remortgage searches as investors look to future-proof their portfolios ahead of regulatory shifts.
The rate reductions follow new £0 and 3% product fee options introduced to the lender's limited edition buy-to-let range just over a week ago.
The society has recently rebranded its core BTL offering from ‘Standard’ to ‘Everyday’ to make the range clearer and more accessible to a wider group of...
Rates now start from 3.69%
The new buy-to-let product comes alongside new limited edition products and rate reductions across the lender's residential range.
The 10bps rate reduction is in addition to the lender also announcing that it has made changes to its expat buy-to-let criteria.
Today's announcement by the bank follows the reintroduction of top slicing for UK residents in June.
The lender has made rate reductions of up to 0.15% across various products following yesterday's positive inflation news.
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