We’re also making changes across our buy to let mortgage and product switch range – from Thursday, 23rd April
It’s our commitment to you that we’ll give you at least one full working days’ notice of any product withdrawal. That’s why we wanted to let you know that we’ve made the decision to reprice our 2 year discounted residential buy to let product switch rates.
Here’s a breakdown of the changes
- Buy to let – new business
- Individuals and companies with single residential investment properties & Multi property residential investment property portfolios
- 2 and 5 year fixed rates reduced by 0.20% Additional rate and fee options re-introduced
Product switch rates
BTL individual and company landlords with single residential investment properties
- 2 year fixed rates reduced by 0.20%
- 5 year fixed rates re-introduced
- Variable rates increased by 0.25% for residential buy to let
Product Switch
Product switch offers are valid for 30 days, or up until 15 working days before the product switch date (to allow direct debit changes), whichever is soonest.
30 day DIP guarantee
Don’t forget our Decisions in Principle (DIPs) are guaranteed for 30 days, which means:
Rate security – if the DIP is converted to a full application within 30 days of submission
10 days to package – once submitted, you have 10 working days to fully packaged the case
Underwriting – only fully packaged cases with all documentation will proceed to pre underwriting
You can find our full packaging requirements here, so you know exactly what documents we’ll need before you submit.