Editor's note: This brief was summarised by The Property AI Newsroom from a report by Property118. Read the original article for full details.
Landbay, Kensington and Dudley Lower BTL Mortgage Rates for Landlords
Landbay, Kensington Mortgages and Dudley Building Society have all reduced their buy-to-let (BTL) mortgage rates for landlords. The largest reduction among the new rates reaches 110 basis points (bps).
According to Property118, the lower rates are available to landlords who are buying, refinancing, or reviewing existing borrowing. The reductions apply across a range of products, including standard, HMO (House in Multiple Occupation), limited company, and expat BTL mortgages.
Landbay has specifically reduced its rates by up to 17bps across its Premier range. This marks the second round of rate reductions for Landbay.
These changes may be relevant for letting agents and inventory clerks working with landlords who are considering new mortgage products or refinancing existing properties. The rate cuts could impact landlord decisions regarding property purchases and portfolio management.
Source: Property118