New Street Mortgages has refreshed its buy-to-let range – as 2-year discounts now stand at 1.59% to 65% loan-to-value and 1.94% to 75% LTV
With fixed rate mortgages the lender’s 2-year fix has been cut to 1.69% from 1.99% to 65% LTV.
New Street has also cut all of its let-to-buy products by 0.50% and is offering a 1-year fix at 2.39% to 65% LTV.
Steve Griffiths, director of sales and distribution, The Northview Group, said: “Today’s rate reductions position New Street with a competitive range of buy-to-let solutions, offering a rate at 65% LTV that beats anything that is available from the high street.
“We are constantly looking to improve our lending criteria to keep in touch with the changing demographic of borrowers, particularly as Britain’s population continues to age.
“We firmly believe that today’s changes to lending criteria will also open up New Street’s proposition to customers seeking to invest in the buy to let market or remortgage.”