Today (Friday 23rd March) we’re making the following changes to our BTL product range:
- New BTL products – We’re launching 32 new products across all LTV tiers and product terms.
- BTL rates going up – We’re increasing rates on our current product range by up to 0.15%
- New ERC structure – As part of this product update, we’re introducing a new ERC structure:
| ERCs | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 |
|---|---|---|---|---|---|
| 2 Year | 2.5% | 1.5% | |||
| 3 Year | 3% | 2.5% | 1.5% | ||
| 5 Year | 5% | 4% | 3% | 2.5% | 1.5% |
BTL deals not changing
None – we’re extending all product end dates until 31 August to give your clients better value for longer.
The current product range will be withdrawn at 8pm on Thursday 22 March and the new products will be available from 9am on Friday 23 March.
Did you know?
All our 2 and 3 year term products revert to our SVR (4.99%) discounted by 1.75% for 3 and 2 year respectively.
