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Buy-to-let lenders announce rate cuts

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  • 14/06/2017
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Buy-to-let lenders announce rate cuts
Two specialist lenders have announced a series of rate cuts across their buy-to-let mortgage ranges.

Foundation Home Loans has reduced rates on its two-, three-, and five-year fixed rate deals, which are available to individual landlords and limited companies. Rates now begin at 2.99%.

Jeff Knight, marketing director at Foundation Home Loans, said: “The result of the general election, Brexit negotiations and, closer to home, ongoing tax changes leaves brokers and their clients facing yet more uncertainty. We want to ensure we are providing some clarity with our highly competitive fixed rate options and a transparent rental calculation.”

Elsewhere, Keystone Property Finance has cut all rates on its classic range by 10 basis points.

Pricing now starts at 3.59% for a three-year fixed rate at 65% LTV, while the range includes options at 75% and 80% LTV, as well as rates designed specifically for HMOs and multi-unit blocks.

The range is available to both individuals and limited companies.

David Whittaker, CEO of Keystone, said: “Landlords using trading limited companies as borrowing vehicles will be particularly pleased with the reduction as we are currently the only buy-to-let lender not to require a fixed and floating charge or debenture.”

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