Saturday, May 28, 2022
Finance

Loughborough Building Society updates BTL offering

Loughborough Building Society

The updated buy to let range includes holiday let, family BTL, business and consumer BTL and let to buy

Loughborough Building Society has updated its buy to let (BTL) offering to incorporate feedback from brokers and customers.

The updated buy to let range includes holiday let, family BTL, business and consumer BTL and let to buy.

The holiday let product is available for the purchase or re-mortgage of properties in England and Wales that are used for short term holiday letting including Airbnb.

The 75% loan to value (LTV) two year fixed rate is 3.29% with a completion fee of £499 ($624.67).

For family BTL, both fixed and discounted rates are available for the purchase or re-mortgage of properties in England and Wales that are rented out to close family members.

At 80% LTV, standard variable rate (SVR) discounted rates start at 3.24% for three years with free standard valuation and no completion fee.

Business and consumer BTL fixed and discounted rates are available for the purchase or re-mortgage of properties in England and Wales, including for first time buyers (FTBs) and first time landlords.

The 80% LTV, SVR discounted rates start at 2.79% for two years with free standard valuation and no completion fee.

The let to buy offering has also been included in the range after the society saw an increase in the number of applicants who want to secure their next residential home while retaining their existing property.

Loughborough Building Society national business development manager Ashley Pearson says: I really like our BTL proposition, the fact we offer family BTL and holiday let, both with fixed rates, and allow first time buyers up to 80% LTV enables us to provide solutions for even more investors.

Important:

The articles are for information purposes only and Invest for Property shall not be held responsible for any errors, omissions or inaccuracies within it. Any rules or regulations mentioned within the website are those relevant at the time of publication and may not be the most up-to-date.

Invest for Property does not endorse any of the products or services that appear on it or are linked to it and are not liable for any action that you may take as a result of the content of this website, or losses or damage you may incur doing so.

There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.

Please remember that investments of any type may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.

Leave a Reply