Masthaven introduces reduced BTL rates

Masthaven has announced changes to its buy-to-let mortgage range, including reduced rates.

Acknowledging that the buy-to-let sector plays an important role in the housing market, the lender has introduced new buy-to-let rates, including a five-year fixed rate at 3.34% up to 70% loan-to-value (LTV), with a view to providing greater support to landlords.

The launch of new BTL rates come in addition to a new residential three-year fixed rate second charge offerings.

Matt Andrews, managing director of mortgages at Masthaven, commented: “We have always applied a common-sense approach to lending at Masthaven, which means we constantly review and update our product lines to ensure our customers benefit from competitive and affordable lending options.

“We work closely with our broker partners to make sure we are listening to the needs of our customers and our latest update and launch reflects our drive to offer competitive products.”

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