Available through Mortgagebox and with a rate of 5.99 per cent, there is an increased procuration fee of 0.60 per cent for this product with a maximum loan to value of 85 per cent and a £995 arrangement fee. For remortgages there is a free valuation service.
Dev Malle, sales director at Personal Touch, said: "At a time when swap rates have been causing lenders to increase their fixed rate product pricing and when some landlords are looking for stability in an uncertain market, demand for longer term fixed products has been growing. A good five year fixed rate with a sensible fee and a free valuation for remortgages ensures this product fills that gap. An increased broker proc fee is also welcomed.”
Mark Blackwell, head of corporate and specialist intermediary sales at C&G, added: “Our relationship with PTFS has grown from strength to strength and we are delighted to offer this competitive deal to them as a sign of our ongoing commitment to their rapidly growing business. Buy to Let is a core product area for us and PTFS have shown a great presence in this market.”
