17/05/2017
We’re enhancing our BTL product range

We’re making a number of enhancements and changes to our Buy to Let product range from 9am on Friday 19 May.

2016 was the year when the total housing wealth owned by the UK’s landlords overtook that held in mortgages of owner-occupiers, underlining just how important the private rented sector is to the UK’s housing market.

We’re making a number of enhancements and changes to our Buy to Let product range from 9am on Friday 19 May.

New BTL products

We’re adding a £250 cashback incentive to selected 2, 3and 5 year remortgage products in the 65 and 75% LTV tiers. We’re also removing the product fee from selected 2 year deals. And we’ll introduce two new 3 year fixed rate products to the range.

BTL rates going down
We’re cutting rates by up to 0.23% on 3 year term products

BTL deals not changing
None. We’re extending the end dates on all our products to 30 November to give your clients better value for longer.

BTL products being withdrawn and not replaced
We’ll withdraw six 5 year fixed rate products.

BTL Launch highlights
A 2.34% 2 year fixed rate remortgage product at 65% LTV, with no fee and £250 cashback.

Now open to Consumer Buy to let
In April we made our entire Buy to Let range of products available for Consumer Buy to Let mortgages which has proved very popular. All our new products continue to be available for both investment property loans and Consumer Buy to Let loans.

Our rental calculation is a competitive 135% in most cases. To find out what your client can borrow, use our improved online rental calculator. It’s quick and easy plus as well as loan size, you’ll see the monthly payments and rent needed.