Rely launches limited-edition BTL range
Rely has launched a limited-edition buy-to-let (BTL) range, with rates starting from 2.85% on its one-year fixed rate.
The limited-edition range 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, and five-year fixed rates from 4.55% with 3.5%, 5% and a new 7% fee option.
The lender said the range is intended to support affordability and provide landlords and brokers with greater choice.
The products are available up to 65% and 75% loan to value (LTV) and are open to landlords of all portfolio sizes. The new range will sit alongside Rely’s existing BTL offering.
Rely joins the ranks of CHL and ModaMortgages, who similarly launched limited-edition ranges in recent days.
Adrian Moloney (pictured), 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.
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“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.
“As always, we’re focused on giving brokers competitive options they can trust to help landlords achieve their property ambitions.”
