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Lenders compete to woo buy-to-let borrowers


Legal & General and Bristol & West are rolling out deals on buy-to-let mortgages to entice prospective landlords despite fears rents are falling.


L&G is offering a 6.99 per cent fixed rate for three years with a 25 per cent deposit. B & W has a 1 per cent discount loan for two years, from 7.74 per cent to 6.74 per cent.


They are competing with top names such as Halifax and Scottish Widows, as well as building societies such as National Counties.

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