Beverley Building Society has launched two buy-to-let mortgage products to assist UK residents and Ex-Pats.
The first buy-to-let product comes with a variable rate of 5.64% (2.15% discount on SVR) at 70% loan-to-value (LTV) and a completion fee of £995.
As for the Ex-Pat buy-to-let product, it has variable rate of 6.04% (1.75% discount on SVR), a maximum LTV of 70%, and a completion fee of £995.
The Society has launched the products in response to the growing demand from landlords who are looking for competitive lending solutions to maximise their investment.
The Beverley’s products are specifically designed to help both new and existing landlords up to a total of three buy-to-let properties per client and also available for non-owner occupiers.
A minimum application income of £20,000 per annum is required for the Buy-to-Let product, with £40,000 per annum for the Ex-Pat.
Simon Glass (pictured), Beverley Building Society’s head of new lending, added: “I am thrilled to announce our official launch into buy-to-let lending, I am confident that our expertise and innovative solutions will empower aspiring property investors to achieve their financial goals.
“This strategic expansion marks a significant milestone in our mission to provide accessible and tailored mortgage products to a broader range of customers.”
