The Society has also unveiled a 5 year fixed rate buy-to-let mortgage at 6.29% up to 65% LTV.
Both tiers of this new product have no higher lending charge and 10% capital repayments are allowed each year without penalty. The product has been specifically designed to suit the needs of landlords looking for a competitive fixed rate.
Kim Rebecchi, Director of Sales and Marketing said, “These new buy to let options are competitive and offer the flexibility of being able to pay off 10% of the capital without penalty. They also allow landlords to lock in value and provide certainty of payments.”