Buy to Let Relaunch
7th November 2011
We will be withdrawing ALL our existing BTL fixed rates at close of business today (Tuesday 8 November) and re-launching them at 9.00am on Wednesday 9 November with new end dates to 31 January. The rates on these products will remain unchanged except for the existing 2 Year Fixed Rate at 70% LTV with the £2,495 fee, which will be increased by 0.10% to 3.79%.
The new product details areas follows:
| Description |
Rate |
LTV |
App fee |
Comp Fee |
Available for |
| BTL 2 Year Fixed Rate |
3.99% |
60% |
£245 |
£995 |
Purchase and remortgage business |
| BTL 2 Year Fixed Rate |
3.79% |
70% |
£0 |
£2,495 |
Purchase and remortgage business |
| BTL 2 Year Fixed Rate |
4.19% |
70% |
£245 |
£995 |
Purchase and remortgage business |
| BTL 5 Year Fixed Rate |
4.89% |
70% |
£0 |
2% |
Purchase and remortgage business |
KFI’s for the current products can no longer be obtained from the intermediary website.
Please be aware that you can continue to submit any suitable e-mortgage applications for these products providing they are received by 5.00pm today (Tuesday 8 November). Any required supporting documentation, including the e-declaration signed by the borrower(s) should also be uploaded following submission on our e-mortgage site and should be received by our Mortgage Service Centre by 5pm Tuesday 15 November. For any existing pipeline cases on these products ALL support documentation should again be uploaded & sent to arrive before the Tuesday deadline. Any cases not meeting these requirements will be cancelled. All application fees will be collected within 48 hours.
All other products remain available.
Paul Darwin
Head of Intermediary Sales
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