Buckinghamshire Building Society has launched a new five-year fixed-rate BTL product, available at up to 80% LTV.
The product offers loans between £50,000-500,000 at 5.99%, with loan terms of maximum 40 years.
It is open to first-time landlords, limited companies or individual landlords for purchases or remortgages, and includes lending on new-build flats, provided they are no more than six floors high.
The building society has also introduced a new five-year fixed-rate residential product at up to 90% LTV.
Claire Askham, head of mortgage sales at Buckinghamshire Building Society (pictured above), commented: “The decision to increase our BTL lending to 80% represents a positive move for the sector as we continue to see landlords appraising their portfolios through divesting, refinancing and taking advantage of a variety of property-related opportunities as they arise.
“It’s vital that we constantly evolve our proposition and deliver solutions which meet these ever-shifting needs in a responsible and competitive manner.”
