Salt launches BTL products

Showing its continued support for the buy-to-let sector, the product details are as follows:

• 2 year fixed rate at 5.15% to 31.12.09
• 3 year fixed rate at 5.19% to 31.12.10
• LTV up to 75%
• Application fee can be added to the loan
• 100% rental cover calculated at the pay rate

Salt has seen a threefold increase in new business since the upheaval caused by the liquidity crisis. It believes that the buy-to-let market is still very buoyant and that seasoned landlords will be making further investments.

Alistair Welham, head of sales & marketing at Salt, commented: “There is plenty of doom and gloom in the market but we believe that the outlook for BTL is good based on stable property prices, rising rental incomes and attractive fixed rate financing such as ours.

"Salt has shown its commitment to this sector in the past and these new fixed rates are further evidence of the belief we have in the sector and the intermediaries who specialise in this important market segment.”