The Mortgage Lender

The Mortgage Lender drops rates on limited company BTL range

The Mortgage Lender has reduced the initial rates on its buy-to-let range for limited companies.

It has also introduced a no-fee £500 cashback option.

The changes end the pricing differential between individual and limited company applicants, with rates starting from 3.09% for a two-year fixed rate at 70% LTV.

Its five-year fixed rate starts at 4.05% with a three-year early repayment charge.

Peter Beaumont, deputy chief executive at the Mortgage Lender (pictured above), said: “The buy-to-let market is becoming more sophisticated in its structure with borrowers choosing a variety of governance options to run their portfolios.

“That means every borrower and every portfolio is different — that’s just real life.

“These changes reflect that growing sophistication and give brokers and borrowers an increased range of fee and interest options to suit all circumstances.”

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