Lendco reduces buy to let mortgage rates

By Bridging Loan Directory 16th August 2023

Specialist lender, Lendco, has revamped its buy-to-let product range, with 2 and 5-year fixed-rates reduced by up to 0.55%.

Products are available across Standard BTL, HMOs and MUFBs.

Complimenting the fixed rate range is improved tracker pricing with all tracker products now being ERC-free as well as a refresh of the product transfer and bridge exit products.

Highlights of the range include:

Standard 5-year fixed rates from 5.44%
2-year trackers from 1.00% over 3 Month SONIA with no ERCs.
Improved options and pricing for ex-pats and foreign nationals.

Alex King, Executive Director of Lendco, said:

“We are very pleased that we are finally able to deliver to our intermediaries a downward move in pricing.”

Although reductions are very welcome, we have aimed to deliver further optionality to our brokers.

They will have customers who wish to wait to see if inflation and rates settle in the medium term before securing a longer duration fixed rate, our 2-year and tracker options should prove attractive to these borrowers.”