Melton Building Society has announced that it has reduced rates across its buy-to-let product range by up to 0.55%.
In addition to this, the society has also increased its maximum loan sizes from £500k to £1m enabling it to support a more diverse range of Landlords and is offering cashback incentives for the first time within its buy-to-let range with the following two products:
BTL 2 Year Fixed, 75% LTV 5.15% (previously 5.35%, a reduction of 0.20%), no application fees, £399 completion fee, £250 cashback
Family BTL 2 Year Fixed, 75% LTV 5.40% (previously 5.95%, a reduction of 0.55%), £199 application fee, no completion fee, £500 cashback
Head of Intermediaries, Dan Atkinson commented: "We are delighted to be able to offer our lowest BTL rates of the year to the market. Our new rates along with the substantial increase to our maximum BTL loan limit reflect our commitment to landlords.’
"With rate reductions of up to 0.55%, and the introduction of cashback on selected products we hope to offer both existing and new landlords some attractive solutions to grow their property portfolio."
