The Nottingham for Intermediaries has introduced a range of limited company buy-to-let mortgages.
Its headline products are a two-year fixed at 2.76%, £999 fee (min loan £30k) and two-year fixed at 2.79%, with a 0.50% fee (min loan £70k).
The new products (all 75% LTV) include a 0.55% broker proc fee on completion of applications and free property valuation.
They are designed to help landlords who have limited company status for their portfolios. Changes to mortgage interest rate tax relief for landlords are leading to many of them reviewing how their portfolios are structured.
Nikki Warren-Dean, head of intermediary sales at the Nottingham, said: “Judging from the conversations we’ve been having with our broker network, many landlords are considering structuring their portfolios on a limited company basis, if they haven’t already, so it’s important we offer competitively priced products to suit their needs and that build on our expertise in the buy-to-let space.
“However, it isn’t just about the right product – there will be ease of use for brokers, who will benefit from exactly the same process as they do when applying for residential or individual buy-to-let mortgages via our broker portal system. They will also receive our usual quality service that includes their own regional business development manager and direct access to underwriters.”