Here’s a summary of the new buy-to-let mortgage deals and rate changes in our semi-exclusive range, with the product codes in brackets:
Rate changes
Buy-to-let – purchase
2 year fixed rate deals
60% LTV decreasing from 2.73% to 2.65% (APRC 4.3%, SVR 4.5%), £0 product fee [FO12860]
70% LTV decreasing from 3.25% to 3.13% (APRC 4.4%, SVR 4.5%), £0 product fee [FO12861]
75% LTV decreasing from 3.37% to 3.19% (APRC 4.4%, SVR 4.5%), £0 product fee [FO12862]
5 year fixed rate deals
60% LTV decreasing from 2.99% to 2.89% (APRC 4.2%, SVR 4.5%), £1,995 product fee [FO12863]
2 year tracker deals
60% LTV increasing from 2.06% to 2.26 (APRC 4.3%, SVR 4.5%)(NatWest Bank Base Rate +1.76%), £995 product fee [TO3781]
70% LTV increasing from 2.45% to 2.65 (APRC 4.4%, SVR 4.5%)(NatWest Bank Base Rate +2.15%), £995 product fee [TO3782]
75% LTV increasing from 2.55% to 2.75 (APRC 4.4%, SVR 4.5%)(NatWest Bank Base Rate +2.25%), £995 product fee [TO3783]
Buy-to-let – remortgage
2 year fixed rate deals
60% LTV decreasing from 2.87% to 2.79% (APRC 4.3%, SVR 4.5%), £0 product fee [FO12864]
70% LTV decreasing from 3.38% to 3.26% (APRC 4.4%, SVR 4.5%), £0 product fee [FO12865]
75% LTV decreasing from 3.39% to 3.29% (APRC 4.4%, SVR 4.5%), £0 product fee [FO12866]
5 year fixed rate deals
60% LTV decreasing from 3.00% to 2.94% (APRC 4.2%, SVR 4.5%), £1,995 product fee [FO12867]
70% LTV decreasing from 3.44% to 3.29% (APRC 4.3%, SVR 4.5%), £1,995 product fee [FO12868]
2 year tracker deals
60% LTV increasing from 2.21% to 2.41% (APRC 4.3%, SVR 4.5%)(NatWest Bank Base Rate +1.91%), £995 product fee [TO3784]
70% LTV increasing from 2.59% to 2.79% (APRC 4.4%, SVR 4.5%)(NatWest Bank Base Rate +2.29%), £995 product fee [TO3785]
75% LTV increasing from 2.63% to 2.83% (APRC 4.4%, SVR 4.5%)(NatWest Bank Base Rate +2.33%), £995 product fee [TO3786]
Buy-to-let withdrawals
5 year fixed rate deals
60% LTV purchase 3.79% (APRC 4.4%, SVR 4.5%), £0 product fee [FO12561]
75% LTV remortgage 3.96% (APRC 4.6%, SVR 4.5%), £1,995 product fee [FO12427]
2 year tracker deals
70% LTV purchase and remortgage 3.31% (APRC 4.4%/4.4%, SVR 4.5%)(NatWest Bank Base Rate +2.81%), £0 product fee [TO3708/TO3680]
75% LTV remortgage 3.44% (APRC 4.4%, SVR 4.5%)(NatWest Bank Base Rate +2.94%), £0 product fee [TO3681]
Overpayments of up to 10% of the outstanding balance per annum are allowed during the initial deal period.
Early repayment charges:
2 year fixed rate: 2% until 30 September 2017, 1% until 30 September 2018
5 year fixed rate: 5% until 30 September 2017, 4% until 30 September 2018, 3% until 30 September 2019, 2% until 30 September 2020, 1% until 30 September 2021
2 year tracker: 1% until 30 November 2017, 0.5% until 30 November 2018
Minimum loan amounts:
£25,000
Transitional Arrangements
- Closing date for online applications to be submitted is 10:30pm on Monday 25 July
- Closing date for paper applications to be submitted is close of business on Thursday 28 July
- Last date for receipt of supporting documentation is Monday 8 August
