Kensington Mortgages has added new two-year fixed interest rates to its buy-to-let (BTL) prime range in response to broker feedback.
The new two-year BTL prime range offers rates from 3.89% at a loan-to-value (LTV) of 75% with a 3% fee and free valuation.
Other options in the range include rates of 4.54% with a 2% fee, 4.59% with a £4,000 fee, 4.79% with a £1,999 fee and 5.49% with no fees.
These are all available up to 75% LTV and include a free valuation.
For landlords purchasing or remortgaging homes in multi-occupancy (HMO) or multi-unit blocks (MUB), rates start from 4.44% at 75% LTV with a 3% fee and free valuation.
The lender is now also offering free valuations on all BTL products.
Andy Bickers, commercial director at Kensington Mortgages, said: “Our new 2-year BTL Prime products have been designed in direct response to broker feedback and reflect our commitment to giving landlords the choice and flexibility they need.”
Elsewhere, Shariah Complaint Gatehouse Bank has cut rates by 0.31% on all two-year fixed-term BTL purchase plans available to UK expats and international residents.
The new rates apply to standard and green two-year products, including for customers seeking financing for HMOs and MUFBs.
Gatehouse Bank accepts applications from both private individuals and UK registered SPV companies.
As a result of the changes, the bank’s rental rates for two-year BTL products will start at 4.21% for UK expats and 4.22% for international residents.
Gemma Donnelly, head of customer propositions at Gatehouse Bank, comments: “Helping customers achieve their property ownership goals is something we take seriously at Gatehouse Bank and today’s changes will help even more customers abroad access the financing they need.”