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Post Office Money launches new BTL range
Post Office Money is due to launch a new range of buy-to-let (BTL) mortgage products on Friday.
The products are aimed at those buying their first BTL property or people purchasing one or two investment properties.
The products (all with a £995 fee) include:
- 60% LTV three-year fixed rate at 2.28%
- 70% LTV two-year fixed rate at 1.93%
- 70% LTV five-year fixed rate at 2.78%
- 75% LTV two-year fixed rate at 1.98%
The lender also offers no-fee BTL products and the option of assistance with valuation and legal fees.
Owen Woodley, managing director at Post Office Money, said: “Property is still an attractive investment for many, however, factors such as the increased stamp duty tax on additional properties mean people are shopping around for the best deal to keep costs down.
“We are continuing to improve our mortgage offering across the board to help customers make their buy-to-let aspirations a reality.
“We know that many of our BTL customers will be first-time landlords and, as a result, we have aimed our new market-leading deals at the ‘cost conscious aspirational investor’.”
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