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Lendco has cut landlord rates, with two- and five-year fixed-rate deals falling by up to 63 basis points.
The broker-only specialist lender says reductions range across standard buy-to-let, houses in multiple occupation, multi-unit freehold blocks, and bridge exits.
The firm adds that it has improved fees on trackers, with early repayment charges being waived in the event of a landlord using one of its own product transfers.
Highlights of reduction include:
- Standard two-year fixes from 4.66%
- Standard five-year fixes from 5.19%
- Reduced stress rate on trackers to 5.25%
- Product transfer pricing mirrors new business rates
Lendco executive director Alex King says: “This product suite offers excellent choice and leverage, including some shorter duration products for those clients who are after a very competitive two-year fixed rate, made even more compelling when coupled with a very fast turnaround.”