Daily news

Advantage launches BTL range

14 August, 2007

The range is available to brokers, networks and packagers, with the two year fixed and tracker rate products all based on a 100% rental calculation.

Highlights of the new BTL range include:

• Rates start from 4.79%
• Available up to 90% LTV (First-time buyers 85%)
• Standard rental calculation 100% on all initial rates
• £5 million portfolio limit (10 properties)
• No Higher Lending Charge
• Maximum loan £500,000

Keith Dearling, managing director of Advantage, said: “This BTL product has been very successfully tested with a group of packagers and we are confident that these will now be welcomed by the broker community. The BTL market continues to be a growth area and this development demonstrates Advantage’s continued commitment to brokers to offer competitive mortgages tailored to clients’ needs.”