Editor's note: This brief was summarised by The Property AI Newsroom from a report by Landlord Today. Read the original article for full details.
GB Bank Reduces Buy-to-Let Fixed Rates
GB Bank has reduced rates across its Buy-to-Let core range. The lender has cut 2- and 3-year fixed rates by 25 basis points and 5-year fixed rates by 20 basis points.
These new rates are available immediately through intermediaries. According to the report, rates now start from 4.69% at 65% loan-to-value (LTV) and 4.92% at 75% LTV.
This update may be relevant for letting agents and inventory clerks monitoring changes in mortgage products for landlords.
Source: Landlord Today