Landlord Centre and Hanley launch buy-to-let mortgage
The first product offers a 3.50% variable term discount up to 75% loan to value with no arrangement fee. The second a 4.09% variable term discount up to 80% loan to value with a £999 fee.
Andy Young, chief executive at Landlord Centre, said: “We are delighted to be working closely with Hanley Economic Building Society to develop its buy-to-let mortgage offering in 2014.
“In the current marketplace, with historically low interest rates, choosing a variable buy-to-let mortgage can be financially favourable for landlord clients. These new products are keenly priced and without a long term tie-in, we are expecting them to be a popular choice.”
There is no completion fee on the 75% loan to value rate and there are no early repayment charges after two years for either product.
Rob Hassall, business development manager at Hanley Economic Building Society, said: “2014 is likely to be another good year for the buy-to-let sector and we are developing our mortgage proposition to offer highly attractive products for landlords.
“We have chosen to team up with Landlord Centre, whose experience and knowledge in the buy-to-let mortgage market will enable us to distribute our products to our target customers and help reach our intended lending levels for 2014.”