Hinckley & Rugby Building Society says its latest buy-to-let deals are seeing great demand from buyers.
The pair of new deals are two-year discount mortgages. The initial 3.49% interest rate is for maximum LTV of 60% and is a 2.15% discount off the Buy to Let Basic Variable Rate. The overall cost for comparison is 5.30% APR.
For LTVs up to 75% the interest rate is 3.99%, a 1.65% discount. The overall cost for comparison is 5.50% APR.
Both mortgages have arrangement fees of £250 and completion fees of £999 (up to 60% LTV) and £1,250 (up to 75% LTV). There is no early repayment charge.
Chris White, the Hinckley & Rugby’s chief executive, said: “From the moment these buy-to-let mortgages were available they have been proving very popular.”