The mortgage project will lower interest rates by up to 30 basis points for new customers’ selected purchases, with interest rates starting at 3.24% starting on Saturday (March 15).
The national BTL division said the focus of its new business lowered prices includes:
- BTL – Two years of repair, purchase and cash out, 3.24% fee, 3% loan available, 65% reduction, 15bps
- BTL – Two years of repair, mortgage only, at 3.54%, fee of 3%, up to 65% LTV, down 20bps
- BTL – Two years of repair, cashed only, 4.84% without fees, up to 65% LTV, down 30bps
“From 3.24%, the latest reduction in the reduction from mortgage projects will help expand market access for BTL investors,” said Joe Avarne, senior manager of mortgage staff.
