Written By:
Posted:
May 6, 2025
Updated:
May 6, 2025
MT Finance has lowered the cost of its buy-to-let (BTL) mortgage range by up to 0.24%, with rates now starting at below 3%.
On its standard residential BTL tier one deal, which is fixed for two years, the lender is now offering 2.99%, down from 3.19%. Meanwhile, its tier two deal is priced at 3.65%.
A 7% arrangement fee applies and the interest coverage ratio remains at 125%.
Marylen Edwards, director of mortgages at MT Finance, said: “We are delighted to introduce this significant rate reduction, now offering a buy-to-let product with a rate below 3%. At a time when landlords and property investors are seeking value and stability, breaking through the 3% barrier reflects our confidence in the market.”
The news follows MT Finance’s recent decision to increase the maximum loan to value (LTV) on its small house in multiple occupation (HMO) deals.
