Bank of Ireland UK trims buy to let mortgage rates.
Bank of Ireland UK has trimmed its 2 year fixed buy to let mortgage rates by up to 0.20%.
The details are:
- 1.49% for up to 60% LTV
- 2.05% for up to 90% LTV
The pricing structure review has come in response to a demand from landlords for additional support after the PRA introduced loan criteria changes last year. Bank of Ireland UK is one of many lenders who has made such a review in order to remain competitive but also to aid landlords make the most of their profit potential.
For further details on these or other buy to let mortgage ranges, call us here at Deal Direct.
We are regulated to offer independent mortgage advice; however, we are not regulated to offer general financial advice. If you want to discuss the suitability of a property as an investment, you will need to contact an independent financial adviser.
Buy to let mortgage applications from:
- applicants whose intention is to benefit from house price growth
- applicants whose intention is to benefit from rental income
- applicants who are letting to buy
will be treated as a normal buy to let and not as a consumer buy to let. In addition, their subsequent remortgage applications will also be treated in the same manner.