Five-year fixed BTL rate cut to 6.89% for bridging loan customers

Sarah Thompson, managing director at Mortgage Scout, explores how falling mortgage rates, alongside easing economic uncertainty, are contributing to a resurgence in buy-to-let...

The lender has also launched a new cashback offer on 55% LTV products

Landlords with four or more properties were more than twice as likely to agree with the media’s view as those with one to three.

Free valuations are now available on single HMOs with up to six beds.

The average two-year fixed buy-to-let rate has dropped below 5% for the first time since September 2022.

The new range is open to individual and limited company borrowers.

UK 5-year fixed rates now start from 4.44%, with HMO and MUFB pricing from 3.03%.

Rely’s platform aims to cut overall application processing time by at least 25%.

A revised 4.87% rate is available for two-year remortgages up to 80% LTV