Family Building Society has today also announced the withdrawal without replacement, of the 60% LTV Limited Company 5-year fixed rate product (XF0898.)
Additional features of the product include:
- Maximum LTV now 65% (previously 60%)
- Minimum loan now £45,000 (previously £100,000)
- Maximum loan now £750.000 (previously £600.000)
- No application or product fee
- Free Valuation up to £500,000 (discounted thereafter)
- £500 cash back for remortgages
Darren Deacon, Head of Intermediary Sales commented, “The launch of this new, enhanced buy to let product for UK landlords comes at a time when the rental market is facing many challenges. This competitive five-year fixed rate product will be a welcome boost to those landlords looking for financial certainty over the medium term.”
