Teachers lowers BTL rates
The product comes with a £1999 arrangement fee and £99 application fee, while it will revert back to the lender’s standard variable of 5.74% for the remainder of the term.
For borrowers who prefer a fee-free deal Teachers has also lowered its 75% LTV 2-year discount from 3.99% to 3.29%. It comes with no arrangement fee, a £99 application fee, no valuation fee and free legal fees (£250 towards solicitor fees for let-to-buy)
James Bawa, chief executive of Teachers Building Society, said: “We are constantly amending our products to make sure they suit the needs of our customers – teachers and Wessex residents – and to ensure we provide the best rates and discounts that we can to meet these ever-changing needs.”