BM Options cuts charges by as much as 71bps and provides new vary – Mortgage Technique

BM Options has introduced fee cuts of as much as 71bps throughout its buy-to-let vary.

The biggest reductions apply to the lender’s remortgage merchandise, with a two-year repair as much as 65% LTV now out there at a fee of 6.51%, a drop of 71bps.

Different highlights embody five-year fixes for remortgage now at 5.71%, a drop of 40 bps, whereas BM has minimize 5 yr fixes for home buy by 31 bps, with charges now beginning at 5.18%.

The lender has additionally launched a brand new vary of BTL offers for remortgage, with two-year fixes beginning at 6.08% and five-year fixes from 5.46%.

Head of BM Options Lee Church says: “ In a difficult market, we proceed to assist the BTL sector wherever we are able to.  These new merchandise and decrease charges will supply higher selection for brokers and a few welcome reduction to landlords”.

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