Rate cuts and a suite of new buy-to-let deals have been announced by TSB,\u00a0which\u00a0according to Head of Mortgages\u00a0Nick Smith, \u2018is\u00a0committed\u00a0to helping customers to borrow well\u2019. The lender has reduced rates by up to\u00a00.10% on\u00a0select\u00a0deals with immediate effect and introduced a range of new landlord remortgage loans with \u00a3300 cashback or free legal fees on offer.<\/p>\n
Kensington has applied a 0.4% rate reduction across its range of buy to let deals for\u00a0HMOs\u00a0and multi-purpose blocks. Rates start at 2.54% for a two-year\u00a0fix\u00a0rate, and 3.64% for a five-year fixed rate at 70% loan to value (LTV).\u00a0\u00a0Buy-to-let deals, including limited company mortgages, also benefit\u00a0from\u00a0\u00a3250 cashback and free valuation.\u00a0\u00a0Craig McKinlay,\u00a0new\u00a0business director said the lender was\u00a0\u2018keen to empower landlords\u2019\u00a0by increasing the number of options open to them.<\/p>\n
Roma\u2019s new\u00a0medium-term\u00a0mortgage means existing customers with a\u00a0bridging\u00a0loan can exit their\u00a0loan\u00a0once their property project\u00a0is completed,\u00a0without the need for the property to be fully let,\u00a0\u00a0allowing borrowers to move on to their next project sooner.\u00a0The five-year BTL mortgage is available\u00a0as\u00a0repayment\u00a0or interest only on 75% LTV for a maximum of \u00a3500,000, but currently only available to existing customers as Roma assess demand.<\/p>\n
Buy-to-let landlords are certainly facing some challenges, but positive support from lenders\u00a0could make a significant difference to investors keen to stay in the market.<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
Buy to let mortgage deals hit an all-time\u00a0high in March 2019, giving landlords more choice than ever.\u00a0One month on and buy-to-let mortgage costs remaining stable,\u00a0lenders are offering alternative\u00a0incentives\u00a0alongside rate cuts,\u00a0as they compete for borrowers. TSB\u00a0cashback, free legal fees and reduced rates Rate cuts and a suite of new buy-to-let deals have been announced by TSB,\u00a0which\u00a0according… Read more »<\/a><\/p>\n","protected":false},"author":3380,"featured_media":4588,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[2,26,6],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts\/4023508"}],"collection":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/users\/3380"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/comments?post=4023508"}],"version-history":[{"count":1,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts\/4023508\/revisions"}],"predecessor-version":[{"id":6097607,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/posts\/4023508\/revisions\/6097607"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/media\/4588"}],"wp:attachment":[{"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/media?parent=4023508"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/categories?post=4023508"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyassociationgroup.com\/en-gb\/wp-json\/wp\/v2\/tags?post=4023508"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}