It’s good news for landlords and property investors today, as two big lenders have slashed their buy-to-let mortgage rates.

Keystone has really gone all out, cutting rates on some deals by 25 basis points! That might sound like a small number, but it can mean a big difference in your monthly payments. They’ve reduced rates on their summer specials, deals for houses in multiple occupation (HMOs), multi-unit properties, and more.

You can now get a two-year fixed rate starting from just 3.54%, or a five-year fixed rate from 4.59%. That’s a significant saving compared to just a few weeks ago.

BM Solutions Joins the Rate Cut Party

BM Solutions isn’t sitting on the sidelines either. They’ve cut their rates by up to 16 basis points. Here’s a breakdown of their best deals:

• Fee-free five-year fixed rate at 75% LTV: Down from 4.95% to 4.75%. That’s a great deal for landlords who don’t want to pay any upfront fees.
• Five-year fixed rate with a £1,499 fee: Now down from 4.74% to 4.58%. This option might be better for landlords who want to lock in a lower rate for a longer period.

If you’re looking to invest in property, now is the time to speak to a mortgage broker and see what deals are available. You could save yourself a lot of money in the long run!