United Trust Bank has cut selected buy-to-let fixed rate loans across its single let houses in multiple occupation, multi-unit freehold blocks and holiday ranges by up to 190 basis points.
The lender says highlights include:
Standard range:
- Two-year fixes start from 3.89%, down from 5.69%
- Five-year fixes start from 5.19%
Specialist range:
- Two-year fixes start from 4.24%
- Five-year fixes start from 5.49%
Non-standard range:
- Two-year fixes start from 4.69%
- Five-year fixes start from 6.14%
The lender’s reductions come after it relaxed criteria in several areas for landlords earlier in the summer.
These included scrapping the upper limit on a landlord’s total portfolio size and lifting maximum BTL lending to £2.5m.
United Trust Bank BTL & Bridging managing director – mortgages Buster Tolfree says: “These lower rates combined with our BTL criteria enhancements will give brokers greater choice for their landlord clients who need the flexibility of a specialist lender without compromising on price.”
