GE Money Home Lending has cut its buy to let rates by up to 0.85 per cent.
Rates have been reduced by up to 0.85 per cent on two year fixed rates and 0.75 per cent on three-year fixed rate First National products at 100 per cent rental cover.
GE Money Home Lending head of mortgage marketing Gerry Bell says: “The move to reduce rates across the First National BTL range further demonstrates GE Money Home Lending’s response to the sustained growth in this sector.
“Despite concerns surrounding the global credit crunch, consumer demand remains strong for BTL products as we continue to see demand for rental properties together with the requirement for long-term investment opportunities. It is important that lenders continue to work with brokers to offer affordable and competitive products.”