BM Solutions cuts BTL rates
BM Solutions has reduced the rates across its two, three, and five year buy to let and let to buy fixed and tracker rate product ranges by up to 0.5%.
Two-year fixed and tracker rate buy to let and let to buy products include a 0-75% LTV 2 year fixed rate reduced by 0.3% with rates from 3.44%, and a 0-75% LTV 2 year tracker rate reduced by 0.3% with rates from 3.34% – both with a £1,495 fee.
Three-year fixed rate Buy to Let products include a 0-60% LTV 3 year fix reduced by 0.1% with rates from 3.39%, and a 60%-75% LTV 3 year fixed rate reduced by 0.2% with rates from 4.39% – both with £250 cashback and £995 fee.
Five-year fixed rate Buy to Let products include a 0-60% LTV 5 year fixed rate reduced by 0.2% with rates from 3.59%, and a 60%-75% LTV 5 year fix reduced by 0.5% with rates from 4.24% – both with a £1,495 fee and £250 cashback.
Phil Rickards, Head of BM Solutions, comments:
“The buy to let and let to buy markets have had a strong first quarter and we have seen strong rental demand underpinned by steady house prices. This set of rate reductions provides further support to those landlords looking to switch their existing mortgage simply, quickly and cost-effectively.”
Contact Integrity IFA now on 01316530588 for free mortgage advise