KRFI and CHL are the latest to lower BTL rates

More buy to let mortgage providers have announced reductions in their buy to let rates.

Kent Reliance for Intermediaries (KRFI), part of the OSB Group, has revealed lower rates across its range, including limited edition and standard products.

Two-year fixed deals now begin at 3.69%, while five-year fixed options start at 4.39%.

The reductions extend to standard fixed products with multiple units, and the firm has refreshed its product transfer options, with rate cuts of up to 40bps.

Landlords can select from various fee structures, including zero-fee deals.

OSB’s group intermediary director, Adrian Moloney, said: “We’ve boosted our support for brokers with landlord customers who are looking to minimise their costs and secure affordable fixed rates for their investments.

“Our award-winning BDMs work closely with our expert team of underwriters who manually review each case with a ‘look to lend focus so brokers can be confident that if there’s a way to lend, then we’ll do our upmost to make the case fit.”

CHL unveils rate cuts

Meanwhile, CHL Mortgages for Intermediaries, has announced a rate cut on its short-term lets range by 30bps.

Two-year fixed deals now start at 4.09%, and five-year fixed products at 4.94%, both at 75% loan-to-value.

Borrowers can choose from differing fee levels.

Darrell Walker, the group sales director at CHL, said: “We’re cutting rates across our short term lets range by a further 30bps.

“The reduction follows on from an earlier cut we made to rates in February and gives even more support to landlords who are looking to diversify their portfolios and explore other investment opportunities.”

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