"We’re very pleased to have been able to respond to the increased stability within the mortgage market in this way"
- Rogr Knight - Newbury Building Society
Newbury Building Society has announced that it has launched a new range of improved buy-to-let products, including for limited companies, holiday lets, and expats.
According to the lender, standard five-year fixed rates have been reduced from 5.79% to 5.49% and limited company five-year fixes cut from 6.29% to 5.89%. Holiday let and expat rates now start from 6.29%.
The discounted rate on three and five-year products has increased to -1.75%, on limited company three-year rates, to -1.50%, and on expat and holiday let three-year rates by -0.25% to -1.25%.
The products are available across England and Wales. However, the expat products are not available to those living in an EEA country.
Roger Knight, lending manager at Newbury Building Society, commented: “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.”
