GE Money cuts buy-to-let rates

The reductions are on buy-to-let mortgages through GE’s First National and First National Direct 2U brands. For 120% rental income, two and three-year fixed rates have been cut by 0.3%, while five year fixed rates have fallen by 0.45% and tracker rates have fallen by 0.15%. A two-year fixed rate mortgage now costs 5.44%, down from 5.74%, while a five-year deal has fallen from 6.19% to 5.74%. Tracker rates fell from 6.94% to 6.79%, which has now become 6.54% thanks to the latest interest rate cut by the Bank of England. Garry Bell, head of mortgage marketing at GE Money Home Lending, com...