Specialist lender Lendco is reintroducing 2-year fixed rates starting at 5.29% and 5-year fixed rates from 5.69% to its buy-to-let (BTL) mortgages portfolio.
This revamped offering applies to standard BTL, houses in multiple occupation (HMOs), and multi-unit freehold blocks (MUFBs).
Furthermore, Lendco continues to offer its tracker range, starting at 3 Month SONIA + 2.25%, with stress rates from 6.75%. All products will feature a tiered fee structure, fostering maximum leverage to cater to the needs of experienced portfolio landlord borrowers.
Key highlights of this updated range include standard BTL rates starting from 5.69%, HMO and MUFB rates from 5.99%, and trackers beginning at 2.25% over 3 Month SONIA. The 5-year products will be stressed at payrate, ensuring standard pricing without additional loading for portfolio landlords, limited companies, or trust applications.
Simon Knight, CEO of Lendco, said: “By offering a variety of fees and rates we are able to provide a suitable product for all of our intermediary partners and the landlords they look after, whether that be increasing leverage over 5-year borrowing or taking a shorter-term product whilst waiting for this turbulent market to settle.
“Our ‘can do’ mentality is reflected in this new product range, along with the certainty of execution that continues to be one of the major reasons brokers choose Lendco.”
