The rate cuts impact each of lender’s 16 products, and apply with immediate effect. As a result, rates on an MT Finance two-year fixed standard residential buy-to-let deal begin at 4.65 per cent, while the interest cover ratio (ICR) stress testing sits at 125 per cent on five-year products.
Marylen Edwards (pictured), head of lending for buy-to-let at MT Finance, said the lender was “acutely aware” of how hard the last year has been for landlords and investors, and explained the lender hoped the product cuts would “alleviate some of the many pressures they’re facing”.
She added: “As always, we are continuing to monitor our products, ensuring that we can deliver the very best for our customers.”
Last year, MT Finance secured a new £500 million funding facility from JP Morgan.
