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  • Mortgages & Finance

    Lenders reducing limited company BTL rates



    Further to a PT member's request, I am now starting a new thread that curates all the lenders that are reducing their rates for limited company mortgage products.

    Newbury Building Society has reduced its buy-to-let Limited Company mortgage rates.

    The limited company buy-to-let discount at 75% saw it’s rate cut from 3.24% to 2.99%.

    Remember that the PT Brokers Team on 0333 363 6507 are here to assist with all your financing needs including BTL, residential, holiday lets, and bridging and short term finance.

    SEE ALSO  -       Costs of buying through a limited Company

    UP NEXT -           The BIG tax issue: Should I incorporate?
                
    DON'T MISS -       Lenders slash BTL mortgage rates to tempt LLs

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    Kensington Mortgages has cut rates across selected buy-to-let for a limited time only.

    The lender’s two-year fixed rate buy-to-let product at 75% loan-to-value (LTV) has been slashed by 0.3% to 2.59%.

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    Vernon Building Society has launched a new five-year fixed rate deal, as part of its buy-to-let product review.

    The new product, which is available across its BTL range, including limited company and holiday lets, is offered at a fixed rate of 3.84% until 30 November 2023, with a £995 fee and affordability assessed at a rate of 5% with Interest Cover Ratio (ICR) of at least 130%.

    Vernon, which has increased its maximum loan-to-value (LTV), has also launched a three-year discounted buy-to-let rate at 1.5% with a £495 fee with no Early Repayment Charges.

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    Aldermore has reduced the rates on its buy-to-let five-year fixed remortgage products for individual landlords and company landlords by 0.2%.

    Individual landlords submitting remortgage applications through the specialist bank’s residential portal will find that they have access to a five-year fixed rate 75% loan-to-value (LTV) remortgage deal, which has been reduced from 4.18% to 3.98%.

    There is also a five-year fixed rate remortgage product available at 80% LTV, which has been reduced from 4.78% to 4.58%.

    Both products come with no arrangement or valuation fees.

    Full/source article

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    The Mortgage Works (TMW) has cut limited company and HMO buy-to-let mortgage rates.

    TMW is offering a two-year fixed limited company mortgage at 75% loan-to-value (LTV) at 2.84% with a £1,995 fee, or a fee-free deal at 3.29%.

    As far as limited company HMO mortgages are concerned, a two-year fix is available at 3.49% to 75% LTV with a £1,995 fee, while a five-year fix is priced at 3.74%.

    Full/source article

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