What the Covid19 outbreak means for Newbury Building Society and your clients.
Newbury Building Society has reduced the rate of its Limited Company buy-to-let mortgage product to further support landlords.
The Society has also reduced the product’s mortgage application fee from £1500 to £950 for both purchase and remortgage.
The price reduction puts the Limited Company 3-year variable buy-to-let product at the same price as the Society charges for buy-to-let mortgages for individuals.
Roger Knight, Lending Manager at Newbury Building Society said: “Following various changes to tax regulations, there has been a noticeable shift in professional landlords choosing to set-up limited companies to take advantage of the corporate tax benefits. We hope the improved pricing as well as our flexible approach to lending will give brokers the right tools to support clients in achieving their objectives.”
In case you missed it: Read an interview with our BDM, Alice Pocock, who answered your most frequently asked questions about our buy-to-let mortgage offering.
- No credit scoring – all cases are assessed on individual merit
- Tailored underwriting with each case individually considered
- All types of income are considered
- A dedicated helpdesk open Monday to Friday, 9am - 5pm
For further information, contact us.