"Whilst we can’t do anything about the increase in taxation or the regulatory burden, we can do our bit for them by providing greater certainty through this period of unprecedented change."
The product is available up to 70% LTV for purchase and remortgage, and can also be used for consumer buy-to-let.
The mortgage comes with free basic valuation, a £199 application fee and £1,800 completetion fee.
The product is an addition to the Society’s existing buy-to-let portfolio with lending available up to age 85 at the end of the mortgage term. Rental income is assessed at 130% of the monthly mortgage interest calculated at 5%.
National Development Manager, Steve Walton, commented: “Buy-to-let landlords have had a tough time in 2016 so far. Whilst we can’t do anything about the increase in taxation or the regulatory burden, we can do our bit for them by providing greater certainty through this period of unprecedented change.
"Since the EU referendum results, there has been plenty of speculation about potential fluctuations in the bank base rate, which is unsurprising given that Article 50 expected to take up to 2 years to be fully invoked. During this time landlords will want reassurance of a fixed outgoing to help manage their income and expenditure.”
