The two-year fixed rate at 65% LTV has been cut to 2.65%, and the five-year fixed rate at 75% LTV, with free valuation options, has been reduced to 3.04%. The lender is now including new builds in its green range, previously exclusively for existing properties. This range offers a rate reduction for properties that have an EPC rating of C or above. The range has been simplified, so all properties rated C and above now fall under one product. For this product, the rate has been reduced with the five-year fix at 70% LTV now at 2.94%. Rates have also been reduced for the small HMO and MUFB range, which includes new build properties. The 75% LTV products are now available from 3.34%.
In December, Paul Brett reflected on the UK BTL property market in 2021 and how demand has outstripped supply. from CMB https://commercial-mortgages-broker.co.uk/buy-to-let-news/landbay-simplifies-green-range-and-reduces-rates/ from https://commercialmortgages2.tumblr.com/post/673096314362429440
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