Unique new BTL products
Date: 12.04.2011
Introducing purchase products with free valuations and free legals.
From tomorrow, 13 April, we'll be launching an updated range of Buy to Let products.
Scroll down to see the key changes and new products, or click the links for more information including details of withdrawn products.
|
New Products
- Range of products with free standard valuation and free standard legals for purchase
- Improved easy remortgage range including 65% LTV products
- Fixed rate products launched including 2 year option at 5.49% with £799 flat fee
- 1 year & 18 month fixed rates up to 80% LTV
|
Key Changes
- Selected 1 year fixed rates reduced by up to 0.50%
- Selected BTL trackers reduced by up to 0.50% and LTV increased from 70% to 75%
- Rates improved on selected First Time Landlord & Let to Buy products
- Interest rates for HMO and Limited Company ranges increased
- Rental income criteria for 80% LTV products revised to 125% of product pay rate or 5.99%, whichever is higher
- End dates extended on all products
|
Product Withdrawals
|
Withdrawn
product
code |
Product
features |
Interest rate |
Max LTV |
Product fee |
| B01193 |
1 Year Fixed |
2.99% |
65% |
3.50% |
| B01194 |
1 Year Fixed |
3.99% |
65% |
2.50% |
| B07615 |
1 Year Tracker |
3.69% (BBR+3.19%) |
70% |
3.50% |
| B01584 |
1 Year Fixed |
3.69% |
70% |
3.50% |
| B02975 |
2 Year Fixed |
4.59% |
70% |
3.50% |
| B07616 |
1 Year Tracker |
3.79% (BBR+3.29%) |
75% |
3.50% |
| B01585 |
1 Year Fixed |
3.79% |
75% |
3.50% |
| B02976 |
2 Year Fixed |
4.69% |
75% |
3.50% |
| B03659 |
3 Year Fixed |
5.19% |
75% |
3.50% |
| B02977 |
2 Year Fixed |
5.19% |
80% |
3.50% |
| B02979 |
2 Year Fixed |
4.99% |
75% |
3.50% |
| B02980 |
2 Year Fixed |
6.49% |
70% |
£399 |
| B02973 |
2 Year Fixed |
4.99% |
80% |
3.50% |
| B03432 |
3 Year Fixed |
5.49% |
80% |
3.00% |
| B19271 |
5 Year Fixed |
6.29% |
80% |
3.50% |
| B03434 |
3 Year Fixed |
5.89% |
80% |
£2,699 |
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Securing current products
If you would like to secure any of the current products, please ensure that any DIPs are completed via TMW Online by 1pm 12 April 2011. Any DIPs must be progressed to full mortgage application by 8pm 12 April 2011. Please note that faxed DIPs will not be accepted. Please use TMW Online for all DIPs.
Paper applications, where applicable, must be postmarked up to 12 April 2011. There is no booking system in place for these products.
Need to get in touch?
For literature requests, products and lending criteria information call:
0845 601 0763 - option 1
For a decision in principle and case updates call:
0845 45 45 400
Lines are open Monday to Friday 9am - 5pm
