The products have the following features:
• Two-year tracker - 5.99% (Bank Base Rate (BBR) + 0.74%) to 85% loan-to-value (LTV) and 6.24% (BBR + 0.99%) to 90% LTV
• Three-year tracker - 6.09% (BBR + 0.84%) to 85% LTV and 6.34% (BBR + 1.09%) to 90% LTV
• Availability - £1,000,000 to 75% LTV, £500,000 to 80% LTV, £400,000 to 85% LTV, £300,000 to 90% LTV
• No Higher Lending Charge
• No overhanging Early Repayment Charges (ERCs)
• Completion fee - £995
• Procuration fee - 0.50%
Marketing director Mel Dring said: “All the above rates require just 100% rental cover and this combination has been designed to enable borrowers to apply for a higher advance, which has been an issue for some applicants with interest rates rising recently. All our buy-to-let products are available up to 90% LTV, and we also have a choice of 120% or 110% rental income calculations and have the option of lifetime tracker rates with no ERC’s.”
