Newbury Building Society has launched improved buy-to-let (BTL) mortgage products, including ranges for limited company, holiday lets, and expats.
The lender also removed booking fees across the entire range.
Highlights include a 5-year fixed rate reduced from 5.79% to 5.49%, a limited company 3-year discount increased to -1.50%, as well as a limited company 5-year fixed rate – reduced from 6.29% to 5.89%
In addition, the lender introduced an expat 3-year discount, increased by -0.25% to -1.25%, an expat 5-year fixed rate reduced from 6.69% to 6.29%, as well as a 3-year discount increased to -1.75% and a 5-year discount increased to -1.75%.
As for its holiday let products, the society introduced a 3-year discount, increased from -1.00% to -1.25% and a 5-year fixed reduced from 6.69% to 6.29%.
Roger Knight (pictured), lending manager at Newbury Building Society, said: “It makes for a very positive start to the new year when we’re able to make such a large swathe of reductions and improvements to our buy-to-let products.
“The Newbury has always been known for its flexible approach to specialist mortgage lending and we know many brokers turn to us for more complicated or unusual buy-to-let cases.
“We’re very pleased to have been able to respond to the increased stability within the mortgage market in this way.”
