In news of interest to multi-property landlords The Nottingham has today cut rates across its range of fixed-rate 75% LTV Limited Company buy-to-let products.
The largest reduction sees The Nottingham’s two-year fixed mortgage with no upfront fees (£999 arrangement fee added to product) trimmed to 2.71% from 2.90%. The other 75% LTV Limited Company BTL price changes are:
· Two-year fixed with no fees, 3.10% (was 3.15%)
· Five-year fixed with no upfront fees (£999 arrangement fee added to product), 3.05% (from 3.10%)
· Five-year fixed with no fees, 3.30% (was 3.40%)
Nikki Warren-Dean, head of intermediary sales at The Nottingham, said: “Landlords play a key role in providing homes for people not ready or able to buy, so we are delighted to announce these Limited Company buy-to-let rate reductions. As a lender it’s important we keep all products under constant review and to always listen to broker feedback, so that we continue to evolve a product range offering competitively priced mortgages and choice.”
The portable two and five-year fixed mortgages, available to landlords with portfolios of up to 15 properties, come with a free basic valuation and descending ERCs.
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