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  • Mortgages & Finance

    PTM launches specialist buy-to-let tracker

    Property Tribes Mortgages launches new specialist buy-to-let tracker with Axis Bank

    Property Tribes Mortgages, the buy-to-let mortgage specialist, has launched a new buy-to-let two year variable rate product with Axis Bank which is available for limited companies, HMOs, expats and student lets. The initial rate is 3.69% (LIBOR + 3.10%) up to 75% LTV with a 1.5% completion fee and no early repayment charges.

    Jane Simpson at PTM, says: “Property Tribes Mortgages is a highly experienced buy-to-let mortgage specialist and we are pleased to launch this new product with Axis Bank, which we are expecting to be popular with brokers and their landlord clients.

    “The rate is especially competitive in niche areas of the buy-to-let market. At PTM we are seeing a steady demand for limited company and HMO buy-to-let mortgages and this product stacks up well against other rates that are available in this specialist area.

    “It has a rental calculation of 125% at 5% which is appealing in today’s environment of rising rent stress tests and there are no early repayment charges, which may be an attractive feature for some applicants. The product is also a good option for expat landlords where choice can sometimes be limited.”

    Andrew Ferguson, Head of Buy-to-let Mortgages at Axis Bank, says: “We are pleased to extend our buy-to-let product range with this new two year, ERC free, variable rate as Axis Bank continues to focus on offering a competitive mortgage proposition to landlord clients.

    “We have been working with TBMC (the provider of Property Tribes Mortgages) since launching in the buy-to-let mortgage market and they continue to be an important distributor for Axis Bank. We have found working with specialist buy-to-let partners to be a successful strategy for generating quality new business.”

    Tel; 029 2069 5480

    Email: info@propertytribesmortgages.co.uk

    Web: http://www.propertytribesmortgages.co.uk


    Community notice:  *Property Tribes Mortgages is our self-service option.  Property Tribes Financial Services is our fully advised mortgage brokerage*.

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