The ranges’ features include the following:
• Two two-year fixed rate options
• No extended tie-ins
• Rental calculated at initial charging rate
• No credit scoring
In addition, with the near prime buy-to-let range, 15% builder’s deposits will be permitted.
Ian Nelson, chief executive, Unity Homeloans, commented: “Unity believes that the buy-to-let market will continue to grow. These product ranges will be particularly suitable for those customers who don’t necessarily have a poor credit history, but may just have missed one or two debt repayments and who wish to take advantage of the current buy-to-let market.”
