The products have the following features:
• Availability – Rental and earned income buy-to-let products (standard criteria applies)
• Two-year tracker - 5.98% (Bank Base Rate (BBR) + 0.73%) to 85% loan-to-value (LTV) and 6.23% (BBR + 0.98%) to 90% LTV
• Three-year tracker - 5.88% (BBR + 0.63%) to 85% LTV and 6.13% (BBR + 0.88%) to 90% LTV
• Early repayment charges – 5% of the amount repaid during the discount period
• Completion fee - £995
• Procuration fee - 0.50%
Marketing director Mel Dring said: “Our two- and three-year limited edition discounted tracker rates have been priced to position these products amongst the most competitive available in their class. The rental and earned income option has already proven to be a very popular feature of our buy to let products. When combined with these highly competitive rates which are available up to 90% LTV, our buy-to-let portfolio should be a real winner with both brokers and borrowers.”
