Specialist buy-to-let lender Rely, part of OSB Group, has cut rates by up to 25bps across selected fixed products for landlords of all sizes.
The reductions cover one, two and five-year fixed rate products for small landlords, and two-year fixed products for medium and large landlords. Both single-family let and complex property products are included, and Rely's recently launched limited edition range, aimed at landlords with three or fewer mortgaged properties, also benefits.
Rely's rates following the changes are now:
- 3.83% on a one-year fixed rate at 75% LTV with a 3% fee
- 3.51% on a two-year fixed rate at 55% LTV with a 5% fee
- 4.68% on a five-year fixed rate at 55% LTV with a 5% fee
"These latest reductions further strengthen our buy to let proposition and provide brokers with even more competitive options for landlords looking to purchase or refinance," said Adrian Moloney, group lending distribution director at Rely (pictured).
"Whether supporting straightforward buy-to-let cases or more complex property transactions, we remain committed to delivering competitive products backed by the service, expertise and support brokers expect from Rely."
