Rates stand at 2.28% for a 3-year fix to 60% loan-to-value, 1.93% for a 2-year fix to 70% LTV, 2.78% for a 5-year fix to 70% LTV and 1.98% for a 2-year fix to 1.98%, all with a £995 fee.
Post Office Money has launched four buy-to-let rates designed for first-time landlords or those who want to invest in a couple of properties.
Rates stand at 2.28% for a 3-year fix to 60% loan-to-value, 1.93% for a 2-year fix to 70% LTV, 2.78% for a 5-year fix to 70% LTV and 1.98% for a 2-year fix to 1.98%, all with a £995 fee.
Owen Woodley, managing director of Post Office Money, said: “Property is still an attractive investment for many; however factors such as the increased stamp duty tax on additional properties mean people are shopping around for the best deal to keep costs down.
“We are continuing to improve our mortgage offering across the board to help customers make their buy to let aspirations a reality.
“We know that many of our BTL customers will be first-time landlords and as a result, we have aimed our new market-leading deals at the ‘cost conscious aspirational investor’.”
