"With the money markets remaining stable after the most recent rise, it seemed appropriate to review our pricing strategy and pass on the reductions to landlords"
Quantum Mortgages has reduced its rates for both purchases & remortgages of between 40bps & 110bps depending on the product type, covering 2, 5, and 7-year fixed products.
The specialist lender’s rate reductions run across its Single Unit Range upto 80% LTV, its Multi-Unit, HMO & Holiday Let Range up to 75%, its Expat & Foreign National Range upto 75% LTV, its Specialist Range up to 70% & its QML Pro Range upto 65% LTV.
Spencer Gale, Director of Distribution & Marketing comments: “Experienced and professional landlords are still seeking opportunities to enhance their portfolio to achieve their desired yields and margins, despite the 14th consecutive BOE rate rise which saw rates climb to 5.25% last week.
"With the money markets remaining stable after the most recent rise, it seemed appropriate to review our pricing strategy and pass on the reductions to landlords. With QML also broadening its product range last week with the addition of QML Pro, these changes as we approach the busiest months of the year, should enable landlords to extract maximum value from their portfolio in remortgaging and enhancing it through their purchases.”
