In addition, it has increased the maximum loan amount on further advance products from £50,000 to £1 million.
Two-year fixed rate Buy to Let and Let to Buy further advance products include:
- 0-60% LTV 2 year fixed rate further advance Buy to Let and Let to Buy products have been reduced by 0.9% with rates from 5.29% (no fee)
- 60-75% LTV 2 year fixed rate further advance Buy to Let and Let to Buy products have been reduced by 0.9% with rates from 5.39% (no fee)
Phil Rickards, Head of BM Solutions, comments:
“The buy to let and let to buy markets have enjoyed a strong start to the year and we have seen increasing demand for further advances. These changes acknowledge this and provide further support and options to those landlords looking for further advances.”
