Please Note: This Article is 6 years old. This increases the likelihood that some or all of it's content is now outdated.

One of Britain’s biggest buy to let mortgage lenders is offering two new fixed rate deals to landlords refinancing their letting properties.

BM Solutions is adding a 3.59% two-year fixed rate up to 60% loan-to-value (LTV) and a 4.19% two-year fixed rate up to 75% LTV.

Phil Rickards, head of BM Solutions, said: “Rates are increasingly competitive and I am pleased that we are able to add new products to our range, providing brokers and their clients more options.

“The added benefits on these particular products also offer borrowers the option of using the cash back to cover some of the costs associated with remortgaging.”

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Both products feature a valuation fee refund and £600 cash back.

More about BM Solutions buy-to-let mortgages

Kensington, the subprime and adverse mortgage specialist, is opening up their buy-to-let mortgage range to first time landlords, while experienced property investors can borrow without disclosing other income and without any portfolio limits.

Mortgages are offered up to £1 million with two-year fixed rates starting at 4.14%.

Kensington’s Charles Morley said: “This month we have seen, for the first time in many years, house prices increasing in every region of the country, which is good news for property investors. Our new buy to let range provides them with more good news.

“Not only have we cut our rates and completion fee, but we are also offering intermediaries greater choice for their clients and our buy to let mortgages boast no minimum income for experienced landlords and no overall portfolio limit. The entire range can also be used for let to buy.”

Kensington’s new buy to let range includes:

Completion Fee

Term

70% LTV

75% LTV

80% LTV

2.00%

2 years

4.14%

4.34%

5.24%

3 years

4.29%

4.54%

N/A

£1,999

2 years

4.34%

4.54%

N/A

3 years

4.49%

4.74%

N/A

 More about Kensington’s buy-to-let mortgages

Please Note: This Article is 6 years old. This increases the likelihood that some or all of it's content is now outdated.

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