MT Finance increases rates on select BTL mortgage products – The Intermediary

MT Finance is set to make changes to its buy-to-let (BTL) offering, increasing a number of mortgage rates, effective from 19th February.

Examples of these changes include a 2-year fixed standard BTL up to 75% loan-to-value (LTV) at 3.85% with 7% fee, and a 5-year fixed standard BTL up to 75% LTV at 4.80% with 7% fee.

In its house in multiple occupation (HMO) range, the lender increased rates across both small and large HMO options – with 5-year fixed small HMO products starting from 5.75% and 5-year fixed large HMO products starting from 6.20%.

Rates have also seen a slight increase across its multi-unit block (MUB), expat, and semi-commercial ranges.

The lender’s current rates will be withdrawn at 6pm on Friday 16th February.