Buckinghamshire Building Society announce launch of market leading 80% LTV, 5 year fixed Buy to Let Mortgage Product
09 June 2021
Buckinghamshire Building Society has today launched a Buy to Let mortgage product with a fixed rate of 3.09% until 31st August 2026, with a product fee of £1,495. The Mortgage Brain Buckinghamshire Building Society Product Comparison Report dated 8th June 2021 confirms this is currently the market leading rate for buy to let mortgages up to 80% LTV.
Available for standard buy to let borrowers with a minimum household income of £35kpa (or buy to let limited companies set up by such borrowers). The product has a limited tranche and all cases are expected to complete by 31st August 2021.
The 80% LTV offering benefits from the Society’s already streamlined Buy to Let application process, using an online affordability assessment and calculator to give brokers the ability to provide clients with an instant decision in principle on their application.
Tim Vigeon, Head of Lending at Buckinghamshire Building Society said: “We are excited to launch this 80% LTV BTL product with a 5 year fixed rate that is currently the best in market. We have a limited tranche for this product and it is expected to sell quickly. By combining the streamlined application process using our new affordability assessment and calculator, now on our website, we can enable a very quick turnaround time for brokers with re-mortgage cases.”
Tim continued, “We anticipate that brokers will welcome this very attractive new product in the crowded BTL market and will seek to take advantage of the short window of opportunity for their clients.”
