Bath Building Society has revised its fixed-rate offerings across several mortgage types, including residential, ‘Rent A Room’, and buy-to-let options.
The updated fixed rates for residential mortgages are set at 5.59% for 2-years and 5.09% for 5-years at 80% loan to value (LTV). For a higher LTV of 95%, the new rates are 6.09% for 2-years and 5.29% for 5-years.
In the ‘Rent A Room’ mortgage segment, rates are adjusted to 6.09% for 2-years and 5.59% for 5-years at 85% LTV.
For buy-to-let mortgages, the rates are 6.94% for 2-years and 6.74% for 5-years at 80% LTV. The rates for buy-to-let mortgages for limited companies are also updated to 6.94% for 2-years and 6.74% for 5-years at 80% LTV.
Additionally, holiday let mortgages now have rates of 7.14% for 2-years and 6.94% for 5-years at 75% LTV, and the same rates apply to holiday let mortgages for limited companies.
For Multiple Unit Freehold Blocks (MUFB), the new rates are 7.14% for 2-years and 6.94% for 5-years, with identical rates for MUFB limited companies.
Nick Mendes, mortgage technical manager at John Charcol, said: “It’s not often Bath BS reprice their products, but these latest rates are encouraging particularly their residential and rent-a-room product.
“Rent-a-room is a great proposition which allows the extra income from renting out the room to boost your affordability.”
