It slashes rates across its entire two-, five-, and seven-year fixed product range
Buy-to-let specialist lender Quantum Mortgages has reduced rates by up to 110 basis points (bps) across its entire two-, five-, and seven-year fixed product range for both purchases and remortgages.
Rate cuts of between 40bps and 110bps were made across the lender’s single unit range up to 80% loan-to-value (LTV), its multi-unit, house in multiple occupation (HMO) and holiday let range up to 75% LTV, its expat and foreign national range up to 75% LTV, its specialist range up to 70% LTV, and its QML Pro Range up to 65% LTV.
“Experienced and professional landlords are still seeking opportunities to enhance their portfolio to achieve their desired yields and margins, despite the Bank of England rate rise for the 14th consecutive time to 5.25% last week,” stated Spencer Gale (pictured), director of distribution and marketing at Quantum Mortgages.
“With the money markets remaining stable after the most recent rise, it seemed appropriate to review our pricing strategy and pass on the reductions to landlords.
“With QML also broadening its product range last week with the addition of QML Pro, these changes as we approach the busiest months of the year, should enable landlords to extract maximum value from their portfolio in remortgaging and enhancing it through their purchases.”
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