Several new BTL mortgage products launched to market...

The Mortgage Lender has two new buy-to-let products.

These include a standard two-year fixed, with an initial rate of 4.69 per cent with a 5.0 per cent completion fee, and an HMO/MUB two-year fixed product with an initial rate of 6.19 per cent and 3.0 per cent completion fee.

In addition, the specialist lender has reduced pricing on four of its BTL five-year fixed standard and standard HMO products.

On the lender’s 75 per cent LTV five-Year fixed Std/HMO products, rates have reduced by up to 15bps, with completion fees of 5.0, 3.0, 2.0 per cent and a flat fee of £2,495.

The new product launches and the rate reductions aim to provide brokers with more choice to offer their clients, which include experienced individual BTL landlords, portfolio landlords, and HMO BTL property investors, whether they are purchasing or remortgaging properties in their portfolios.

Steve Griffiths, chief commercial officer at The Mortgage Lender, says: “In an increasingly competitive market, with affordability challenges still prevalent, we recognise that brokers and landlords are still seeking the best rates possible for their properties and portfolios. We’re pleased to not only introduce new products to the market, but also offer rate reductions on a number of our BTL products, giving brokers more choice for their customer base.”

Meanwhile Aldermore has also announced new buy to let products, fixed at five years with a 7.0 per cent product fee.

For buy to let for individual and company landlords with single residential investment properties, there’s a 5.09 per cent rate to 75 per cent Loan To Value.

And there’s a buy to let multi property product for individual and company landlords with residential investment properties, again at 5.09 per cent to 75 per cent LTV.

Jon Cooper head of mortgages at Aldermore, comments: “We understand the important role landlords play in the UK housing market and that they have varied portfolios which can often be overlooked by high street lenders. At Aldermore, we continue to review and build our product range to ensure landlords have a number of options available to help find a mortgage that is right for them.”

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