I am pleased to confirm that the release of our new buy to let products are live.
Buy to let simplification & revamp
What’s changing?
The BTL range has been streamlined/revamped. This includes:
- Streamlined BTL product guide
- Rate reductions on 70/75% LTV 5 year fixed products
- Rate reductions on the majority of HMO/MUB products
- New special edition ‘LUMI’ product priced to be highly competitive on total cost
- New large loans product with lower completion fees (loans over £500k)
- Revert rates for Individuals and Ltd Co aligned – only pricing differentiation is based on property type, not applicant type
- Selected 2 year fixed rate withdrawals
- Cashback and Free Legals pricing aligned, and now available to all.
Why?
We have listened to market feedback, from broker forums, surveys, field and tele BDM feedback and our key distribution partners, addressing the comments that the range had become too large and over complicated.
When?
The new range is live today (27th February 2020). To see the updated product guide click here.
