Coming soon – New Buy to Let LTV Products

We are delighted to announce the introduction of 60% and 75% LTV products to our 2 and 5 year Fixed Rate Buy to Let mortgage range on Monday 11 February.

6th February 2013

Product Summary

Details of the new Buy to Let LTV products are:

• 2 year Fixed Rate maximum 60% LTV with an initial rate of 3.59%.  The rate thereafter will be 5.35%.  The overall cost for comparison is 5.2% APR
• 2 year Fixed Rate maximum 75% LTV with an initial rate of 4.49%.  The rate thereafter will be 5.35%. The overall cost for comparison is 5.3% APR
• 5 year Fixed Rate maximum 60% LTV with an initial rare of 4.49%.  The rate thereafter will be 5.35%. The overall cost for comparison is 5.2% APR
• 5 year Fixed Rate maximum 75% LTV with an initial rare of 5.29%  The rate thereafter will be 5.35%. The overall cost for comparison is 5.4% APR

We have also increased the maximum Interest Only LTV to 75% for Buy to Let mortgages.

We listened to feedback from our intermediary partners who told us there was a need to provide 60% and 75% LTV products in the Buy to Let market and with these competitive new products, believe we have taken a positive step to meet this need.

Find out more

The updated Product Matrix is available for download from the Literature page. Our website, KFI and mortgage sourcing systems will be updated on Monday 11 February with details of the new products.

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