Ipswich Building Society has launched a new two-year fix rate buy-to-let product at 3.39% and a two-year discount at 3.44% for new purchases and remortgages at up to 75% loan-to-value.
The mortgages are available to those borrowing up to £500,000, subject to an application fee of £199 and a completion fee of £1,300, in addition to a standard valuation fee.
However, that valuation fee will be waived for buy-to-let landlords remortgaging a property worth up to £1m, while they will also receive assistance with their legal fees.
Richard Norrington, chief executive, Ipswich Building Society, commented: “We continue to provide choice in the marketplace for mortgage misfits and those who may not fit a ‘one size fits all’ assessment.
“By employing a manual approach to underwriting, with consideration of each application based on individual circumstances, this new initiative will help creditworthy buy-to-let borrowers who may be finding it hard to remortgage away from their existing lender.”
Want to comment on this story? If so...if any post is considered to victimise, harass, degrade or intimidate an individual or group of individuals on any basis, then the post may be deleted and the individual immediately banned from posting in future.