MT Finance has cut rates across its buy-to-let (BTL) mortgage range, with a product now offering an interest rate below 3%.
The lender’s 2-year fixed standard residential BTL tier 1 product now starts at 2.99%, down from 3.19%.
The 2-year fixed standard residential tier 2 product is now set at 3.65%.
MT Finance also made reductions of up to 0.24% on other selected BTL products.
Interest cover ratio (ICR) stress testing has remained at 125%.
Marylen Edwards (pictured), director of mortgages at MT Finance, said: “We are delighted to introduce this significant rate reduction, now offering a buy-to-let product with a rate below 3%.
“At a time when landlords and property investors are seeking value and stability, breaking through the 3% barrier reflects our confidence in the market.”
