The buy-to-let product rates are 5.45% for the 2 year, the overall cost for comparison is 7.1% APR, 5.51% for the 3 year, the overall cost for comparison is 7.0% APR and 5.45% for the 5 year product, the overall cost for comparison is 6.7% APR. The 2 year fixed rate self-certification product will be offered at 5.49% with the overall cost for comparison being 7.1% APR.
Overpayments of up to £5,000 per 12 months can be made penalty-free and arrangement fees are £545, £699 and £599 for the 2, 3 and 5 year products respectively. The fixed rate self-certification product has a £599 arrangement fee. For all of these products, £100 is payable on application and the remaining amount will be added to the loan on completion.
Jeremy Mears, marketing manager – credit, at Cheshire Building Society commented:: “These are great products for individuals who are looking for a strong buy-to-let or self-cert product in today’s buoyant market. With such a wide range of rates the market looks set to grow further and continues to offer good long-term prospects for astute investors.”
