A 5 per cent BTL tracker is available at Bank Base Rate (BBR) minus 0.75 per cent, set for two years. The product has a refund of valuation fee up to £490 and an arrangement fee of £2,549. The rental calculation is 125 per cent at pay rate with an early redemption charge (ERC) of 6 per cent for two years.
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Another tracker is set at 5.65 per cent (BBR minus 0.10 per cent) for two years. The rental calculation is 110 per cent at BBR plus 0.50 per cent, while the ERC remains 6 per cent for two years. The arrangement fee is £1,250.
A semi-exclusive 5.25 per cent BTL tracker is also available at BBR minus 0.50 per cent for two years, based on a rental calculation of 125 per cent at pay rate. There is an arrangement fee of £1,999, with a refund of valuation to a maximum of £490 available. The ERC is set at 6 per cent for two years.
Sally Laker, managing director at Mortgage Intelligence, said: “The strong relationship between Mortgage Intelligence & BM Solutions is once again demonstrated with this new suite of competitive deals.”
Lee Grandin, managing director of Landlord Mortgages, added: “These rates are much in keeping with BM Solutions’ enthusiasm for BTL.”
