Specialist lender, Lendco, has announced the introduction of a limited edition 5-year fixed-rate product range for standard buy-to-let (BTL), with the new products offering rates starting from 5.99% with a 6% fee, 6.19% with a 5% fee, 6.59% with a 3% fee, and 6.79% with a 2% fee.
The offerings are available on a first-come, first-served basis for a restricted time only and are tailored to meet the needs of experienced portfolio landlord borrowers.
Lendco’s executive director, Alex King, said: “After what has been a very trying period of constant rate rises, we spotted an opening which enabled us to release these products.
“Whilst they are a limited edition, we feel they offer an opportunity to those borrowers who have thus far been reluctant to commit to a fixed rate in the hope of seeing interest rates drop.”
Apart from the inclusion of these new fixed-rate options, Lendco’s core product suite remains unchanged. It now includes two new 2-year fixed-rate products as well.
