It offers family BTL, business and consumer BTL, and let-to-buy
Loughborough Building Society has refreshed its buy-to-let proposition, incorporating feedback from brokers and customers.
The Leicestershire-based lender has seen significant growth in the past few years and has looked to provide solutions for a variety of different applicants.
Its latest buy-to-let range includes holiday lets, family BTL, business and consumer BTL, and let-to-buy.
Holiday lets are available for the purchase or remortgage of properties in England and Wales that are used for short term holiday letting including Airbnb. At 75% LTV, Loughborough’s current product is a two-year fixed rate at 3.29% with a £499 completion fee.
For family BTL, fixed and discounted rates are available for the purchase or remortgage of properties in England and Wales that are rented out to close family members. At 80% LTV, SVR discounted rates start at 3.24% for three years with free standard valuation and no completion fee.
For business and consumer BTL, fixed and discounted rates are available for the purchase or remortgage of properties in England and Wales, including for first-time buyers and first-time landlords. At 80% LTV, SVR discounted rates start at 2.79% for two years with free standard valuation and no completion fee.
All products quoted are subject to early repayment charges.
“I really like our BTL proposition, the fact we offer family BTL and holiday let, both with fixed rates, and allow first time buyers up to 80% LTV enables us to provide solutions for even more investors,” Ashley Pearson, national business development manager at Loughborough, said.
