New Buy to Let Products Available

2 December 2015

BTL Discount

The Society has launched a set of new 2 year level discount buy to let house purchase and remortgage products with no product fee and one free standard valuation.

The Society offers a variable rate two year level discount buy to let purchase mortgage at 2.45%, with a maximum loan to value (LTV) of 75% in the Society’s local area only*. There is no product fee and one free standard valuation**, with a £150 administration fee.

For customers wishing to remortgage, the Society’s new variable rate two year level discount remortgage product at 2.75% also comes with a maximum loan to value (LTV) of 75% in the Society’s local area only*. There is no product fee, free legal fees*** and one free standard valuation**, with no administration fee.

Further information about the product range, including full terms and conditions, can be found here.

If you fail to keep up with payments on your mortgage a 'receiver of rent' may be appointed and/or your rental property may be repossessed.


Geographic Restrictions

* The Society's local geographical area is defined as postcode areas: NP, CF, SA, LD, WR, GL, HR and BS. See individual product information for full terms and conditions.

Standard Valuation

**One Free Standard Valuation (on properties up to £1 Million in value)

Legal Fees

*** You will not have to pay the usual legal fees if the Society’s appointed solicitors are used. Our solicitor acts for the Society only to ensure we have good legal claim over your property. (You will have to pay for any additional legal work that the solicitors do which is beyond the usual scope of a simple remortgage, for example, change of your name, transfers of equity, deeds of postponement, merger of freehold and leasehold).

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