A number of lenders have made tweaks to their buy-to-let ranges this week.
Landbay
Landbay has cut two-year fixed rates by up to 0.40% to 75% loan-to-value (LTV). Meanwhile, 55% LTV standard two-year fixed options have been cut by up to 0.30%.
The new non-portfolio range of five-year fixed rate products, launched last week to support landlords with three or less mortgaged properties, has also been reduced by 0.15%.
Alongside reductions, Landbay has launched two new standard two-year fixed options. The first is available at up to 55% LTV with a 3% fee, while the second is up to 75% LTV with a 2% fee.
Product highlights include: non-portfolio five-year fixed up to 75% LTV rates from 4.24%; two-year fixed up to 75% LTV rates from 4.19%; and five-year fixed up to 75% LTV rates from 4.34%
Zephyr
Zephyr Homeloans has launched a two-year fixed 80% mortgage product across its standard, HMO (houses of multiple occupancy) and MUFB (multi-unit freehold blocks) ranges.
The lender said that it is offering the following for properties with an A to C-rated energy performance certificate (EPC): 5.89% on a two-year fixed-rate mortgage up to 80% LTV with a 3% fee; and 6.09% on a two-year fixed-rate mortgage for HMOs and MUFBs up to 80% LTV with a 3% fee.
Zephyr also said it is offering the following rates for properties with an EPC rating of D or E: 5.99% on a two-year fixed-rate mortgage up to 80% LTV with a 3% fee; and 6.19% on a two-year fixed-rate mortgage for HMOs and MUFBs up to 80% LTV with a 3% fee.
Santander
Rates that have been reduced include a 60% LTV two-year fixed rate buy-to-let purchase mortgage with a £1,749 purchase fee. It’s now priced at 4.62%, down from 4.72%.
There is also a 60% LTV five-year fixed rate buy-to-let remortgage with a £1,749 product fee at 4.37%, down from 4.50%.
Molo
Molo Finance has reduced buy-to-let mortgage rates for UK residents, expats and non-UK residents, with adjustments of up to 0.25%.
The lender’s two-year fixed buy-to-let rates start from 4.35% for individual and limited company borrowers at a 75% loan-to-value (LTV), while five-year fixed rates start at 4.96%.
Specialist property products including Multi-Unit Freehold Blocks (MUFB), Houses of Multiple Occupation (HMO), holiday lets and investor-led properties, also see reduced rates, from 4.45% for a two-year fixed and 5.06% for a five-year fixed rate.
For expats two and five-year fixed buy-to-let products are available from 4.99% for capital and interest mortgages and 5.74% for interest-only mortgages, both at a 70% LTV.
A £150 application fee applies to all new UK resident applications submitted.
