We've cut rates and added new rate to holiday let mortgage range
10 November 2021 • Products & Services
We've added a new two-year fixed rate mortgage and reduced interest rates and completion fees across our holiday let mortgage range.
The new product is a two-year fixed rate at 3.69% up to 75% loan to value.
We've also reduced the rate on our five-year fixed rate mortgage from 4.00% to 3.79% and our two-year discounted mortgage from 3.39% to 3.34%.
There are no application fees and completion fees have been reduced from £1,500 to £999 across the range.
In addition, we now use an average of the projected low, mid and high season weekly rental yields, multiplied by 30 weeks to calculate the annual rental income.
Our Head of Lending, Tracy Simpson, said: “We’re excited to add another great product to our range of competitively-priced holiday let mortgages, as well as making it cheaper for customers to complete.”
All loans are 75% loan to value, between £50,000 and £500,000 and are available for purchase, remortgage, product switches and further advances.
Our mortgage products can be found by clicking here. All our mortgages are available on properties across England and Wales.
For more information contact the team today.