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Buy-to-let rates reduced

04 November 2016

We have reduced our rates on first charge buy-to-let mortgages, taking them below 7%, with loan-to-values of up to 65%. This follows our recent announcement of a new five-year fixed rate buy-to-let mortgage and an increase in maximum loan size to £500k.

Our commercial CEO, Marc Goldberg, explains: “We’ve seen continued growth in lending for buy-to-let property purchases, and are committed to continually improving our offering. We’ve lowered our rates to help buy-to-let investors with their affordability calculations as they adapt to the new tax implications, in response to feedback from our broker partners.

“This follows our recent introduction of a five-year fixed rate buy-to-let mortgage, plus an increase in loan size, helping us to meet the demand from brokers. We want to ensure that buy-to-let investors; be they first-time landlords, seasoned property professionals or limited companies, have a broad choice of products with competitive rates.

“We apply our usual common sense approach and review all cases individually, and that’s been a big part of our success in this market, since no two cases are alike.”

Read more about buy-to-let.


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