Buy to let proposition refresh
With the number of landlords expanding their portfolios on the up, we are refreshing our buy to let mortgage proposition to reduce rates by up to 0.16%.
A two year fixed rate product is currently available at 2.65% (5.5% APRC) with an early repayment charge of 2% until 28th February 2021 and 1% until 28th February 2022.
For those looking to fix for longer, a five year product is available at a fixed rate of 2.86% (4.8% APRC). This includes an early repayment charge of 5% until 28th February 2021, 4% until 28th February 2022, 3% until 28th February 2023, 2% until 28th February 2024 and 1% until 28th February 2025.
Both of these two and five year fixed products come with no product fees, a free standard valuation and £500 cashback.
Key features- Both two and five year fixed products available
- Products available for both house purchase and re-mortgages
- 10% overpayments per annum
- Maximum aggregate exposure to Newcastle Intermediaries of £1,000,000, includes any residential mortgage that the borrower may have with the Society
- Maximum of 3 mortgaged buy to let properties over-all
All buy to let product details can be found here.
Should you require any further help or assistance, please do not hesitate to contact us.