The society has seen an increase in applications for buy-to-let mortgages and has refreshed the range to ensure that it remains competitive in the current market.
The two products that have been refreshed include:
2-year fixed rate
• 70% LTV – was 5.09% now 4.94%
• 75% LTV – was 5.39% now 5.14%
Both have a maximum loan of £250,000 and revert back to the 4.99% rate after the two years. They come with a £199 application fee and an £1,800 completion fee.
2-year discounted rate
• 75% LTV – was 4.89% now 4.64%
This product has a maximum loan of £750,000 and reverts back to the 4.99% rate after the two years. It comes with a £199 application fee and a 1% completion fee.
Andy Lucas, commercial director, said: “We have seen an increase in interest around our Buy to Let products and we wanted to support the market with a more competitive product for those people seeking a two year fixed rate product."
