Northern Rock has launched a new range of buy-to-let mortgage products and also cut the rates on its existing buy-to-let two, three and five-year fixed rate Everyday mortgages.
The state-owned bank has added tracker products into its buy-to-let range with rates starting from 3.29% (BoE +2.79%) for a two-year fixed rate at 60% LTV (40% deposit) with a product fee of 3.5%
Two-year fixed rates start from 4.09% at 60% LTV with a product fee of 3.5%, and five-year fixed rates begin at 5.79% at 60% LTV with a product fee of 3.5%
Buy-to-let products are also offered at 70% LTV (30% deposit) and a two-year fixed rate option is available at 4.49% with a product fee of 3.5%
There are three fee structures to choose from, including Fee Saver Options (FSO), a flat fee of either £1,995 or £995, or percentage fees of 2.0%, 2.5% and 3.5%.
