If you have a BTL mortgage with BM Solutions on their Standard Variable Rate (SVR) of 4.84% (older loans enjoy very low rate trackers as SVR) or with The Mortgage Works at their SVR of 4.99% there is a very good chance you can save money.
Not everyone knows this but both lenders offer product switches for landlords on SVR.
At present BM Sols offer a 4.29% fixed rate for 2 years with no fees whatsoever, unless your mortgage broker charges you a fee.
TMW has an on-line mortgage switching tool.
We’ll certainly be making a phone call tomorrow.
Thanks to Kis Lettings for bringing this to our attention via Property Tribes.