Editor's note: This brief was summarised by The Property AI Newsroom from a report by Property118. Read the original article for full details.
Buy to Let Lenders Cut Rates and Expand Product Ranges
Several buy to let lenders have made changes to their mortgage offerings this week, including rate reductions and new product launches. One lender has also entered the bridging finance market.
According to Property118, ModaMortgages has removed application fees from a limited edition range. Buckinghamshire Building Society has repriced its specialist products. RAW Capital Partners has entered the bridging market, expanding its product range beyond traditional buy to let mortgages.
Additionally, a NatWest buy to let mortgage has retained its Moneyfacts ‘Best Buy’ status, despite a modest rate change.
These updates may be relevant for UK letting agents and inventory clerks monitoring mortgage product changes that could impact landlord clients and property transactions.
Source: Property118