We are pleased to announce the launch of a Limited Edition Lifetime Tracker product which will be available for Personal Ownership Buy to Let. (The product is not available for Limited Company, HMO or Limited Company HMO).
This product is being launched to help promote the Income Supported BTL proposition which we launched last Tuesday. (Note that the product is also available without using the income supported facility).
For Lifetime Trackers, customers benefit from a lower total to pay over the term and there is no payment shock after the 2 year ERC period.
The full product details are summarised below:
- 3.73% Lifetime Tracker
- 5.73% Assessment Rate
- 75% LTV
- 1.50% Fee
- Only two years of ERC: 4% in year 1 and 3% in year 2