The Mortgage Lender has slashed rates on its buy-to-let mortgages.

The Mortgage Lender is offering reductions of up to 0.2% (that’s 20 basis points) on some of its fixed-rate mortgages. Here’s a breakdown:

Two-Year Fixed Rates:

• Standard Properties: Rates now start at a competitive 4.49%, down from 4.69%.
• Houses in Multiple Occupation and Multi-Unit Blocks: Rates have been trimmed from 4.89% to a more appealing 4.69%.

Five-Year Fixed Rates:

• Fee-Charging Fixes: Rates have been shaved by 0.05% (5 basis points), with standard properties now starting at 4.66% and houses in multiple occupation and multi-unit blocks at 4.91%.
• Fee Saver Fixes: Enjoy a 0.1% (10 basis point) reduction, with rates for standard properties now starting at 5.86% (down from 5.96%) and 6.09% for houses in multiple occupation and multi-unit blocks (down from 6.19%).

Why Now?

Steve Griffiths, Chief Commercial Officer at The Mortgage Lender, stated that these changes are part of their commitment to supporting landlords and adapting to the ever-changing mortgage landscape.