BM Solutions, the buy-to-let arm of Lloyds Banking Group, will launch new remortgage and house purchase mortgage rates from tomorrow 1 June.
To mark the introduction of the range, the lender is offering free valuations up to £1500 on all remortgages.
The new rates for purchase and remortgage are:
2 year 60% LTV from 1.69%
2 year 75% LTV from 2.04%
5 year 60% LTV from 2.24%
5 year 75% LTV from 2.79%
Head of BM Solutions Phil Rickards (pictured) says: “As part of our ongoing commitment to the market and as we enter this new era, we have reintroduced free valuations to help drive down the up front cost of remortgaging for customers.
“It’s quite clear that the market has moved in favour of remortgages and through extending the choice available at competitive rates and covering the cost of valuations, brokers can continue to write good quality business and meet the needs of their customers.”
BM Solutions launched a range of five-year fixed products earlier this year with a stress rate of 5.25 per cent applied to new and remortgage applications.