Lendco has reduced its buy-to-let (BTL) product range, with 2-year and 5-year fixed rates reduced by up to 0.63%.
The products are available across standard BTL, houses in multiple occupation (HMOs), multi-unit freehold blocks (MUFBs), and bridge exits.
Complementing the fixed rate range is an improved stress on trackers, with early repayment charges (ERCs) being waived in the event of a Lendco product transfer.
Highlights include standard 2-year fixed rates from 4.66%, standard 5-year fixed rates from 5.19%, reduced stress rates on trackers to 5.25%, and product transfer pricing that 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 2-year fixed rate, made even more compelling when coupled with a very fast turnaround.”
