It launches new business and family buy-to-let fixed rates
Melton Building Society has expanded its mortgage offerings with the launch of four new buy-to-let fixed rate products, aimed at providing landlords with more choice and flexibility.
The new products include two options for business buy-to-let landlords and two for family buy-to-let landlords, with the lender aiming to support existing and prospective landlords by offering the security of fixed rates.
For business buy-to-let landlords, Melton Building Society offers a two-year fixed rate mortgage at 5.35% and a five-year fixed rate mortgage at 5.05%, both with a £995 fee.
Family buy-to-let landlords can choose between a two-year fixed rate mortgage at 5.95% and a five-year fixed rate mortgage at 5.15%, both with a £199 fee. All products are available up to a maximum of 75% loan-to-value (LTV).
“We understand it’s been a challenging few years for landlords, the majority of whom will have experienced a great deal of change and volatility,” said Jamie Hyland (pictured), Melton Building Society’s head of product and marketing.
“At Melton Building Society, we are committed to offering a product range that provides borrowers with choice. We hope these expansions to our buy-to-let product range will not only offer landlords a wider range of product options, but also some stability in what has been for some a difficult few years to own a rental property.”
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