The mortgage is available up to 75 per cent loan-to-value and offers a 0.5 per cent cashback to help buy to let investors with purchase or remortgage costs.
Ray Boulger of Charcol said: “This mortgage offers superb value for buy-to-let investors who don’t need to borrow more than 75% of the property value, combined with a market-leading tracker rate and a welcome up-front financial boost. In addition, because the pay rate is used to calculate rental cover this deal will be available to many borrowers who may not be able to meet other lenders’ rental cover requirements.”
