Lendco cuts BTL rates by up to 63bps
By Bridging Loan Directory
Specialist lender, Lendco, has reduced its Buy-To-Let product range, with 2 and 5-year fixed rates reduced by up to 63bps.
Products are available across Standard BTL, HMOs, MUFBs, and Bridge Exits.
Complimenting the fixed rate range is an improved stress on trackers with ERCs being waived in the event of a Lendco Product Transfer.
Highlights of the range include:
- Standard 2-year fixed rates from 4.66%
- Standard 5-year fixed rates from 5.19%
- Reduced stress rate on trackers to 5.25%
- Product Transfer pricing mirrors new business rates
Alex King, Executive Director of Lendco, said:
“We are very pleased to deliver yet another downward move in pricing to our intermediaries.”
This product suite offers excellent choice and leverage, including some shorter duration products for those clients who are after a very competitive two-year fixed rate, made even more compelling when coupled with a very fast turnaround.”
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