Reductions of 0.20% for buy to let
As part of our focus to continue developing our proposition and growth in the buy to let market, we have reduced rates on our five year products by up to 0.20%.
A five year fix rate product is currently available at 2.70% (4.7% APRC) with an early repayment charge of 5% until 30.04.2021, 4% until 30.04.2022, 3% until 30.04.2023, 2% until 30.04.2024 and 1% until 30.04.2025.
This product comes with the additional benefit of no product fees, a free standard valuation and £500 cashback.
For those looking for a lower rate over assistance with fees, we have an alternative five-year fixed rate product available at 2.49% (4.7% APRC) with a £199 reservation fee (payable upfront) and £800 completion fee (can be added to the loan up to the max LTV). This product has an early repayment charge of 5% until 30.04.2021, 4% until 30.04.2022, 3% until 30.04.2023, 2% until 30.04.2024 and 1% until 30.04.2025.
Key features- Max 75% LTV
- Products available for both house purchase and re-mortgage
- 10% overpayments per annum
- Interest coverage ratio is 145% at a rate of 4% for product terms of five years or more
- No maximum age for borrowers
All criteria information can be found here.
Should you require any further help or assistance, please do not hesitate to contact us.