BM Solutions has announced rate cuts of up to 71bps across its buy-to-let range.
The changes will come into effect as of Tuesday 5 September, and in a note to brokers the lender said applications on existing products must be submitted by 8pm Monday 4 September.
The largest reductions apply to the lender’s remortgage products, with a two-year fix up to 65% LTV now available at a rate of 6.51%, a drop of 71bps.
Other highlights include five-year fixes for remortgage now at 5.71%, a drop of 40 bps, while BM has cut five year fixes for house purchase by 31 bps, with rates now starting at 5.18%.
The lender has also introduced a new range of BTL deals for remortgage, with two-year fixes starting at 6.08% and five-year fixes from 5.46%.
A fee of £1,499 is also being introduced to remortgage products in its buy-to-let range.
£1499 fee Remortgage products in Buy to Let.
Head of BM Solutions Lee Church says: “ In a challenging market, we continue to support the BTL sector wherever we can. These new products and lower rates will offer greater choice for brokers and some welcome relief to landlords”.
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