With low rates, the new LTV range is available to 65% LTV and on 2 year discount and 2 year fixed products across its entire BTL mortgage range available up to loan sizes of £3million.
Created in response to demand from its broking partners, the new range is also available for borrowers seeking to purchase or raise funds for HMOs, student lets or those seeking finance arrangements via a limited company or limited liability partnership.
Highlights of the new range include a 2-year discount product at 3.59%, and a 2-year fixed rate at 3.79% - both at 65% LTV, with fees of 1.50% and a maximum loan of £3m.
Adrian Moloney, Sales Director for OneSavings Bank, comments:
“We’ve continued throughout this year to develop and release products that meet the needs of the professional property investors. Our brokers told us that our new, low LTV range must be available for their clients who manage their portfolios through limited companies and for those investing in HMO properties and I’m pleased to say we’ve delivered on that.”
