Specialist lenders BM Solutions and Kensington have boosted competition in the buy-to-let market by launching a series of new deals.
Specialist lender Kensington has overhauled its buy-to-let range range, cutting rates by up to 0.50%, reducing its completion fee to 2.00% and offering the alternative of a flat £1,999 completion fee.
Kensington's mortgages are available to both first-time and experienced landlords, with experienced landlords benefitting from no minimum income requirements and no overall portfolio limit.
Loans are available up to £1 million and two-year fixed rates now start at 4.14%.
The range includes:
A two-year fixed rate charging 4.14% up to 70% LTV, rising to 4.34% up to 75% LTV and 5.24% up to 80% LTV.
A three-year fixed rate charging 4.29% up to 70% LTV and to 4.54% up to 75% LTV.
Both deals have a 2% completion fee.
Alternatively, Kensington offers two-year fixed rate charging 4.34% up to 70% LTV and 4.54% up to 75% LTV, or a three-year fixed rate charging 4.49% up to 70% LTV and to 4.74% up to 75% LTV.
Both these deals have a flat £1,999 completion fee.
Charles Morley, head of distribution at Kensington, said: "Not only have we cut our rates and completion fee, but we are also offering intermediaries greater choice for their clients. Our buy-to-let mortgages boast no minimum income for experienced landlords and no overall portfolio limit. The entire range can also be used for Let to Buy."
BM Solutions has launched a brace of two-year fixed rate buy-to-let deals at different LTVs.
It now offers a two-year fixed rate charging 3.59% up to 60% LTV, with a 0.5% fee.
BM also offers a two-year fixed rate charging 4.19% up to 75% LTV, again, with a 0.5% fee.
Both mortgages run until 31 December 2015.
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