Rate reductions of up to 0.4% have been revealed by the Buckinghamshire Building Society across its limited company buy-to-let and holiday let ranges.
New priciing now starts from 5.79%.
There’s also a new two-year discounted limited company BTL product at the same rate, although the society says the most significant changes is in its five-year fixed limited company BTL rate, which is down from 6.39% to 5.99%.
The three-year fixed expat limited company BTL is now available at 5.89%, and a twi-year discounted expat holiday let product has been cut to 5.89%.
All limited company products carry a £1,500 fee, while standard products carry a charge of £1,195.
A 125% Interest Coverage Ratio applies for limited company borrowers.
Claire Askham, head of mortgage sales at the society, comments: “We’ve refined our limited company rates and introduced a new two-year discount to give more flexibility, especially for clients who want to keep upfront costs down or manage their cash flow in the early years.
“We’re always listening to the conversations brokers are having with their clients. Whether it’s limited company cases, expat lending or more complex scenarios, we want to offer straightforward, good-value options that help brokers move things forward.”
This article is taken from Landlord Today