
Buckinghamshire Building Society expands BTL and holiday let proposition
Effective immediately, the society has increased the maximum loan amount across its entire BTL and holiday let product range from £500,000 to £750,000.

Effective immediately, the society has increased the maximum loan amount across its entire BTL and holiday let product range from £500,000 to £750,000.

The latest changes see UK resident rates start from 2.98% on 2-year fixed products at 55% loan-to-value (LTV).

 Molo’s new buy-to-let rates start from 2.44% for a 2-year fixed, available to both individual and limited companies at 75% loan-to-value (LTV).

Suffolk Building Society has launched a new expat self-build and renovation product while expanding its criteria for expats and foreign nationals across several lending areas.

The everyday residential 70% LTV product was reduced from 5.34% to 5.19%, while the 80% LTV option dropped from 5.45% to 5.29%.Â

The new 2-year discount product is set at 5.29%, a 2.31% reduction from the standard variable rate (SVR) of 7.60%.Â

Grant Hendry, director of sales at Foundation Home Loans, discusses the current landscape of the buy-to-let market.

The new products include an expat BTL 5-year fixed up to 70% loan-to-value (LTV) at 5.59%.

Across its existing range of BTL product range, Family Building Society has also reduced all 2-year fixed rates by 0.10% and 5-year fixed rates by 0.05%.

These refreshed products also come with an extended end date, with the 2-year fix now running until 30th November 2025.

Effective immediately, 5-year fixed rates for UK residents now start from 4.44%, with the 2-year standard fixed rate remaining at 2.83%.

Allowing expats from within EU member states is an addition to Mansfield’s existing expat BTL lending, which covers properties in England, Wales and Scotland.
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