Lendco has revamped its landlord range and cut rates across two- and five-year fixes by up to 55 basis points.
The specialist lender says that products included in the reductions cover loans for standard BTLs, houses in multiple occupation and multi-unit freehold blocks.
It adds that has improved its tracker pricing, with all of these offers now exempt from early repayment charges. The firm has also refreshed its product transfer and bridge exit deals.
Highlights among its changes include:
* Standard five-year fixed-rate deals start from 5.44%
* Two-year trackers from 1.00% over three-month Sonia, with no early repayment charges
* Improved options and pricing for ex-pats and foreign nationals
Lendco executive director Alex King says: “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 two-year and tracker options should prove attractive to these borrowers.”
