Wednesday, February 12, 2025
HomeMortgageBuckinghamshire BS launches into limited company BTL

Buckinghamshire BS launches into limited company BTL



Buckinghamshire Building Society has entered into the limited company buy-to-let (BTL) market with a new product range.

The lender said launching into limited company BTL would support landlords, including expatriate investors and holiday let landlords.

The products include a limited company BTL five-year fixed rate up to 80% loan to value (LTV) at 5.49%.

There is also a three-year fixed rate at 75% LTV for expats priced at 6.09%, and an expat holiday let two-year discounted rate up to 75% LTV at 6.09%.

The range also includes a two-year fixed holiday let rate up to 75% LTV, priced at 5.79%.

The range includes options for day one special purpose vehicles (SPVs), first-time buyers and first-time landlords to offer accessibility.


Sponsored

Five ways we’ve improved our Premier service

Sponsored by Halifax Intermediaries


The deals are also subject to a flat product fee of £1,195 and come with a 125% interest coverage ratio (ICR) for limited company applicants.

Buckinghamshire Building Society does not lend to portfolio landlords.

Claire Askham (pictured), head of mortgage sales at Buckinghamshire Building Society, said: “We’ve been carefully considering the launch of a limited company product range for some time, as we’ve observed a growing trend of landlords incorporating their portfolios in response to changes in tax regulations.

“This new range, which includes products for standard and expat buy to let as well as holiday let, allows us to provide focused support for these landlords while offering brokers a clear and compelling solution for their clients.

“We’re always actively reviewing our criteria to ensure we meet the evolving needs of landlords across the market. It’s about recognising a market shift and equipping brokers with the right tools to stay ahead.”

In October, the building society cut mortgage rates by up to 70 basis points across its BTL, holiday let and first-time buyer ranges.





Source link

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Recent Comments