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Post office withdraws buy-to-let products

The Post Office has announced that it has withdrawn a number of buy-to-let products. 

The lender emailed brokers late last week to let them know that it will no longer be offering a number of deals. 

The withdrawals include products based on an income cover ratio including a 60% loan-to-value (LTV) deal, which was available on a two-year fixed rate basis, starting from 1.42% with a £1,995 fee and £500 cashback. 

A range of five-year fixed rate deals starting from 1.88% with a £1,995 fee and £500 cashback have also been withdrawn. 

At 75%,  two-year fixed rates has started from 1.61% with a £1,495 fee, while at the same LTV, five-year fixed rates were available from 2.11% with a £1,995 fee and £500 cashback

Post Office has also withdrawn the equivalent products in its ‘top-slicing’ range, which factor in landlords’ personal income.

 

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