Cambridge & Counties Bank has launched a limited-edition five-year fixed-rate mortgage aimed at supporting residential landlords.
The product offers loans from £750,000 at up to 75% LTV, with rates starting from 6.49% varying depending on the arrangement fee paid.
The five-year fix was launched in response to heightened levels of enquiries from clients and commercial brokers.
Jayne Follows, head of real estate finance at Cambridge & Counties Bank, said: “While we offer competitive fixed rates on commercial and residential products, this is the first time we’ve published a limited-period fixed rate targeting residential landlords.
“One benefit is it can mean rental income grows relative to borrowing costs, which are fixed for a set amount of time.
“The move underscores our focus on working with clients and brokers to help them capitalise on market opportunities with a range of dedicated lending options.”
