The Stafford Constructing Society has launched two buy-to-let mortgage merchandise – which features a 2-year product at 3.05% to 70% loan-to-value.
It does include a 5.00% association charge – which is payable upon completion or could be added to the mortgage steadiness; supplied the entire borrowing doesn’t exceed 70% LTV – and a £100 software charge.
The product permits revenue from vacation lets and Airbnbs.
Emma Parker, nationwide account supervisor at The Stafford Constructing Society, stated: “These new merchandise have been designed to satisfy the wants of each conventional landlords and people working within the vacation let sector.
“We proceed to assist brokers with merchandise which are easy, manually underwritten, and constructed round accountable lending, whereas additionally providing low charging charges that swimsuit landlords who wish to hold their month-to-month outgoings tightly managed.”
