Those coming to the end of a fixed-rate mortgage term are likely to see the cost of their monthly mortgage repayments climb by hundreds of pounds a month.

Shawbrook has announced that it has expanded its buy-to-let mortgage offering to support more landlords looking to refinance existing properties and fund new purchases.

The specialist buy-to-let lender has lowered rates by up to 0.65% following improvements in 5-year swap rates.

The buy-to-let specialist lender has announced rate cuts on all two-, five-, and seven-year fixes across its three core ranges.

In addition to the rate cuts, the lender has also introduced cashback across its entire range

The specialist lender has kicked off the New Year rate reductions of up to 0.80%

Aspen Bridging finished 2023 on a high, completing a £2.8m Development Exit bridge on a 14-unit development of houses in New Romney, Kent.

The specialist mortgage lender announced that it is offering cashback on all residential and buy-to-let products until the end of January.

Rates have decreased by up to 23bps across the lender’s two, three and five-year range.

The lender has announced a significant reduction to its Buy-to-Let rates as it looks to back landlords in the New Year.