Two years on from the stamp duty hike that had many landlords rushing to complete to avoid the surcharge, we’re now seeing many investors looking for new deals.
Leeds Building Society has launched a new range of products to help those clients in particular.
New products include a five-year fix at 2.19%, up to 60% loan-to-value (LTV) with a £1,999 fee and a five-year fix at 2.29%, up to 60% LTV with a £999 fee.
Accord Mortgages, meanwhile, has made changes across all of its buy-to-let products. Accord has launched 32 new products across all LTV tiers and product terms.
The lender has hiked rates by up to 0.15% while a new early repayment charge (ERC) structure has been implemented too.
TMW hits 80% LTV
Elsewhere, The Mortgage Works has reintroduced 80% LTV products with new two- and five-year fixed rates starting at 2.99%.
The 80% LTV range for buy-to-let and let-to-buy includes purchase, remortgage and further advance, a choice of fee options and free standard valuation.
Borrowers can also get £250 cashback.
The Nationwide Building Society subsidiary is also updating its limited company pilot product range to include higher LTV options for buy to let and houses in multiple occupation (HMO).
The range now includes new two-year fixed rates at 80% LTV with a rate of 3.24% and a 2% arrangement fee.
Five-year fixed rates have been reduced by 0.15% and now start at 3.49%, while a new HMO two-year fixed rate at 75% LTV is available at 3.79% with a £1,995 fee.
Aldermore and Precise
Aldermore has been busy simplifying its criteria by removing the need for a floating charge on limited company buy-to-let, provided the loan isn’t greater than £1m, LTV isn’t greater than 75% and the company has been set up for the purpose of property investment only.
And finally, Precise has announced the launch of a new standard and light refurbishment bridging range.
The lender will now have separate pricing for loans above £200,000 and below. Rates start at 0.49% for loans above £200,000 and 0.54% for loans below.