New product to give greater broker choice

Rely has become the latest lender to launch a new Limited Edition buy to let range, with rates starting at 2.85%, as well as offering a wider selection of fee options across its one, two and five-year fixed products.

The new range is available at 65% and 75% LTV and includes products for landlords across all portfolio sizes and includes one-year fixed rates from 2.85% with a new 3.5% fee option; two-year fixed rates from 3.59% with 3.5% and 5% fee options; five-year fixed rates from 4.55% with 3.5%, 5% and a new 7% fee option.

The new range will sit alongside Rely’s existing offering, giving more options for brokers.

Moving quickly

Adrian Moloney, group lending distribution director at Rely, said: “With markets showing early signs of greater stability and swap rates easing from recent highs, we’ve moved quickly to launch a new Limited Edition range that delivers lower headline rates and greater flexibility for landlords.

“The additional fee options enable lower initial pay rates, helping to support affordability while giving brokers greater flexibility when placing cases. Our decision to retain the existing range also ensures brokers have a wider choice of solutions for their clients.”