Kent Reliance has reduced the cost of its five-year fixed rate buy-to-let mortgages in an effort to attract more business from landlords.
New five-year products offered by the buy-to-let specialist, part of mortgage provider and retail savings group OneSavings Bank plc, start from 3.79% for those looking to borrow up to 75% loan-to-value (LTV).
Borrowers with a 20% deposit can secure a five-year deal from 4.39% at 80% LTV.
These products are available for wide range of buy-to-le types, including large loan standard and specialist, fee assisted, and further advance standard and specialist.
Adrian Moloney, sales director at OneSavings Bank, commented: “We’ve listened to broker feedback for mortgage lenders to continue to provide landlords with products that give financial certainty over the longer term.
“With a rising interest rate market we’re delighted to announce this rate reduction to support our broker partners and their client’s needs.”