The range is designed to suit the needs of landlords looking for a competitive fixed rate or who wish to track the Bank of England base rate. The range offers flexibility, with fee free options for those seeking to remortgage their portfolio.
Product Highlights
5 Year Fixed Buy-to-Let
* 5.49% fixed until 1 September 2010
* Available up to 80% loan to value
* No higher lending charge
* 10% capital repayments allowed each year without notice or penalty
Fee Free 5 Year Fixed Buy-to-Let
* 5.79% fixed until 1 September 2010
* Available up to 80% loan to value
* Free valuation up to £305
* No higher lending charge
* No completion fee
* Free in house legal services for re-mortgages
* 10% capital repayments allowed each year without notice or penalty
*
Base Rate Tracker Buy-to-Let
* Tracker base rate plus 1% (currently 5.75%) until 1 September 2010
* Available up to 80% loan to value
* Free valuation up to £305
* No higher lending charge
* Free in house legal services for re-mortgages
* 10% capital repayments allowed each year without notice or penalty
Karen Wint, Head of Marketing & PR said, "We now have a fee free 5 year fixed rate mortgage to compliment our existing 5 year fixed, which we have just reduced, as well as a tracker buy-to-let product. All the options are competitive and offer the flexibility of being able to pay off 10 per cent of the capital without penalty. Landlords now have the choice of a product which allows them to budget, without set up fees, or to take advantage of a tracker if they feel that rates may come down in the short to medium-term."
