According to the lender, the three-year fix will be available from 3.14% at 70% LTV, and new buy-to-let rates include a five-year fixed rate at 3.34% up to 70% LTV.
Matt Andrews, managing director of mortgages at Masthaven, said: “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.
We are delighted to be able to reduce our rates to offer a competitive five-year fixed deal and at the same time launch a very competitive three-year fixed rate mortgage for our first-charge residential borrowers. We wanted to offer our customers a shorter alternative to the already popular five-year deals.”