Salt reinforces BTL position

Salt, the specialist lender of Derbyshire Building Society, has recently added BTL products to its portfolio and prides itself on being a market leader within the sector.

To enable brokers to offer customers a particularly attractive two year fixed rate of 5.33% at 85% LTV Salt has introduced a higher arrangement fee of 2.5%, which can be added to the loan.

Salt’s new rates start from:

• 5.33 per cent for 2-year fixed rates
• 5.55 per cent for 3-year fixed rates

Tony Capon, head of sales at Salt said: “Whilst bank rates continue to rise, Salt demonstrates its commitment to intermediary business with some of the most competitive fixed rate products in the market, giving landlords the opportunity to fix their funding for investment or remortgaging their portfolios”.