Foundation has reduced selected buy-to-let rates by up to 0.10 percentage points, with its range now starting at 4.99% at 75% loan to value (LTV). The intermediary-only lender has also cut its two- and five-year F2 holiday let fixed rates by 0.10 percentage points to 6.64% and 6.74% respectively, both at 75% LTV with a 2% fee. Additionally, its revised holiday let criteria permit owners to stay in their properties for up to 60 days annually.
Meanwhile, Hampshire Trust Bank (HTB) has increased its maximum LTV on eligible houses in multiple occupation (HMO) mortgages to 80%. This higher limit is available to professional landlords who meet the bank’s lending criteria.
GB Bank has introduced dual legal representation for eligible refinances on its simplified buy-to-let and bridging range. This allows the same approved firm to act for both borrower and lender, covering standard property refinances where the total facility or group exposure does not exceed £2 million.
Pivot has reduced rates across its bridging and development finance range by two percentage points, with pricing now starting at 6% a year above the Bank of England base rate. Loans from £2 million to £15 million are available for terms of up to three years across England, Scotland, and Wales.