New Street makes changes to buy-to-let proposition

Ryan Fowler

August 15, 2017

New Street Mortgages has made a number of changes to its buy-to-let proposition.

The lender has updated its 5-year fixed rates and reversionary rates along with additional changes to both lending criteria and valuation fees.

It has introduced a reduced reversionary rate option and can now offer a lower assessment rate on its 5-year fixed products of 4.50%.

It has also increased rates on its 5-year fixed rate range by 0.1% to 0.4% and upped the maximum age at the end of the loan term from 80 to 85.

Finally it has introduced a free valuations option for both purchase and remortgage.

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