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TSB announces further buy-to-let products
This article is an external press release originally published on the Landlord News website, which has now been migrated to the Just Landlords blog.
TSB has today moved to further extend its buy-to-let mortgage products. The bank’s range now includes a two year fixed mortgage for landlords looking to purchase a new property at 75% LTV.
In addition, TSB has introduced two-year tracker rate mortgages, which are available with a LTV ratio up to 75%.[1]
Changes
In further changes, landlords with a LTV between 60-75% can get a two-year fixed rate TSB mortgage for a new property, with rates beginning at 2.99%. TSB also has a range of buy-to-let mortgages available through brokers for landlords with higher LTV’s searching for two, three or five-year deals.[1]
TSB announces further buy-to-let products
What’s more, the bank is introducing a range of two year tracker mortgages aimed at landlords looking to benefit from the record low Bank of England Base Rate. Rates begin at 1.54% above the base rate with a fee of £1,995 for landlords with a 60% LTV. [1]
Roland McCormack, TSB Intermediary Director, commented, ‘this is the latest step in our plan to offer a genuine alternative to the established intermediary lenders by providing brokers an expert-to-expert service that operates in all markets.’[1]
