The Mortgage Lender cuts rates on limited company buy-to-let
The Mortgage Lender has reduced the initial rates on its limited company buy-to-let range to bring it in line with individual pricing and introduced a limited company no fee £500 cashback option.
There’s a rate of 3.09% for a 2-year fix at 70% loan-to-value with a completion fee of 1.5% and a 4.02% rate for a 5-year fix with no fees and £500 cashback.
Peter Beaumont, The Mortgage Lender deputy chief executive, said: “The buy-to-let market is becoming more sophisticated in its structure with borrowers choosing a variety of governance options to run their portfolios.
“That means every borrower and every portfolio is different, that’s just real life. These changes reflect that growing sophistication and give brokers and borrowers an increased range of fee and interest options to suit all circumstances.”
The Mortgage Lender’s buy-to-let mortgages cater for individual landlords, limited company and houses of multiple occupation borrowers.