The Stafford Constructing Society has launched two buy-to-let mortgage merchandise – which features a 2-year product at 3.05% to 70% loan-to-value.
It does include a 5.00% association price – which is payable upon completion or may be added to the mortgage stability; supplied the whole borrowing doesn’t exceed 70% LTV – and a £100 software price.
The product permits revenue from vacation lets and Airbnbs.
Emma Parker, nationwide account supervisor at The Stafford Constructing Society, stated: “These new merchandise have been designed to fulfill the wants of each conventional landlords and people working within the vacation let sector.
“We proceed to help brokers with merchandise which might be simple, manually underwritten, and constructed round accountable lending, whereas additionally providing low charging charges that swimsuit landlords who wish to preserve their month-to-month outgoings tightly managed.”
