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Newbury Building Society has reduced its buy-to-let mortgage rates – including Limited Company and Expat.
- Buy-to-let 3 year discount, 75% LTV- rate reduced from 3.00% to 2.75%
- Buy-to-let 5 year discount, 75% LTV – rate reduced from 3.00% to 2.75%
- Limited Company buy-to-let discount, 75% LTV – rate reduced from 3.24% to 2.99%
- Expat buy-to-let discount, 60% LTV – rate reduced from 3.95% to 3.45%
For its Limited Company and Expat buy-to-let mortgage products, the Society has also introduced a flat fee of £1,500 for all applications instead of the previous 1.00% (min £1,500) fee, regardless of loan size.
The application fee for the 3 and 5 year buy-to-let discount remains at £950.
Roger Knight, Lending Manager at Newbury Building Society said: “We have reduced the rates of our buy-to-let products to reassure landlords that there are still lots of property investment opportunities out there in a challenging buy-to-let market. We will continue to provide great products and ensure our staff are fully trained to understand the ever-changing buy-to-let market.”