The Co-operative Bank’s dedicated intermediary mortgage lender has launched a 1 year Buy to Let Options tracker product which is available exclusively through Sesame with rates starting at 3.79%.
The Options range has been designed specifically for those borrowers who value flexibility and who may want to make overpayments on their mortgage.
Also launched is a two year Buy to Let Cashback tracker product which is available through Legal and General Appointed Representatives with rates starting at 3.49%.
The Cashback product is available to all, however has been specifically designed to help first time landlords with the initial costs in ensuring their property is rentable.
Each product comes with a free valuation and standard legal fees for remortgages. There is also a non-refundable administration fee of £89.
Lee Gladwell, Business Development Director at Platform, said:
“We are delighted to offer the new tracker products exclusively to intermediaries in the Sesame and L&G networks.
“Broker feedback has been integral in the development of the new products.
"New entrants to the market will benefit from Cashback payments as they embark on establishing their rental portfolio, whilst landlords who may have months were they can overpay their mortgage may consider the Options products.
“The new cashback product continues to broaden our buy to let proposition further in a way brokers have told us they need, and gives intermediaries even more choice to offer their clients.”
The launches coincide with the 10th Annual Mortgage Business Expo and the new product details are as follows:
