Joe Avarne, senior manager, buy-to-let mortgages at The Mortgage Works, said: \u201cWith rates starting from 3.49%, these latest reductions from The Mortgage Works will help widen market access for buy-to-let investors.\u201d<\/p>\n
Another big high street name, NatWest<\/a>, has also cut its buy-to-let mortgage offering by up to 6-bps. It is now offering a two-year fixed rate of 4.16% with a \u00a33,499 fee for LTVs from 75%. At 60% LTV, borrowers can secure rates from 3.69% with a \u00a33,499 fee.<\/p>\n NatWest is offering a five-year buy-to-let mortgage purchase deal of 4.28% at 60% LTV, or 4.32% at 75% LTV with a \u00a3995 fee. This is a reduction of up to 32bps.<\/p>\n Among the other lenders to have dropped its buy-to-let mortgage rates this week is LendInvest Mortgages<\/a>, which has launched its lowest rates of the year, now starting at 3.44%. Its products are aimed at a range of customers, from first-time landlords to experienced portfolio managers who are expanding.<\/p>\n Sophie Mitchell-Charman, commercial director at LendInvest, commented: “We understand how important competitive rates are for landlords, whether they\u2019re looking to expand their portfolios or maximise returns on existing properties.<\/p>\n “In today\u2019s market, flexibility and affordability are key, and this rate cut is a direct response to those needs. By offering some of the lowest buy-to-let rates on the market, we\u2019re making it easier for landlords to access financing that fits their specific investment strategies.<\/p>\n “This move is a testament to our ongoing commitment to providing market-leading products, underpinned by innovation and customer-centricity, to ensure we remain a top choice for property investors across the UK.”<\/p>\n Houses in multiple occupation (HMOs) have increased in popularity for landlords in recent years due to their high yields, as well as the changing habits and preferences of tenants which has caused a resurgence in popularity for high-end HMOs in desirable locations<\/a>.<\/p>\n One specialist lender, Zephyr Homeloans<\/a>, has announced reductions this week on a range of its offerings, including buy-to-let mortgages for HMOs and multi-unit freehold blocks (MUFBs). It offers deals specifically for energy efficient properties with energy performance certificate (EPC) ratings of A-C, with rates starting from 3.24%.<\/p>\n Paul Fryers, managing director at Zephyr Homeloans, commented:\u00a0\u201cWe\u2019re very pleased to provide further reductions in the current dynamic market on deals that will enable brokers to source the best mortgage to suit their landlord clients\u2019 needs.\u201d<\/p>\n Green mortgages are increasingly being offered by lenders as part of the drive towards improving the energy efficiency of rental homes, which has once again become a priority for many landlords and property investors since Labour announced that a new benchmark would be introduced to the sector.<\/p>\n Keep up to date with the latest UK property market news and updates here<\/a>.\u00a0<\/strong><\/p>\n<\/div>\n<\/div>\n<\/article>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":" Although the Bank of England has held its base rate steady, lenders are getting ahead of the competition leading to falling buy-to-let mortgage rates. The UK rental market remains an extremely busy and fast-paced sector, with landlords continuing to experience extremely high demand for their properties from tenants due to a high population of renters.… Read more »<\/a><\/p>\n","protected":false},"author":1069,"featured_media":6095968,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[26,2],"tags":[22,412],"acf":[],"_links":{"self":[{"href":"https:\/\/www.buyassociationgroup.com\/en-hk\/wp-json\/wp\/v2\/posts\/6100229"}],"collection":[{"href":"https:\/\/www.buyassociationgroup.com\/en-hk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyassociationgroup.com\/en-hk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-hk\/wp-json\/wp\/v2\/users\/1069"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-hk\/wp-json\/wp\/v2\/comments?post=6100229"}],"version-history":[{"count":1,"href":"https:\/\/www.buyassociationgroup.com\/en-hk\/wp-json\/wp\/v2\/posts\/6100229\/revisions"}],"predecessor-version":[{"id":6100230,"href":"https:\/\/www.buyassociationgroup.com\/en-hk\/wp-json\/wp\/v2\/posts\/6100229\/revisions\/6100230"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-hk\/wp-json\/wp\/v2\/media\/6095968"}],"wp:attachment":[{"href":"https:\/\/www.buyassociationgroup.com\/en-hk\/wp-json\/wp\/v2\/media?parent=6100229"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-hk\/wp-json\/wp\/v2\/categories?post=6100229"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-hk\/wp-json\/wp\/v2\/tags?post=6100229"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}HMO options<\/h3>\n