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18 November 2008 | News
Buy-to-let product
changes
On Wednesday 19 November we will be repricing
our buy-to-let fixed rate products. We will also be launching
three new buy-to-let tracker products into the range.
Please see the table below for details of
these changes.
£5,000-£999,999 60% LTV
range
|
Product
|
Old
Rate
|
New
Rate
|
ERC
|
Fee
|
Max
LTV
|
|
2 yr Fixed
|
6.29%
|
5.69%
|
3/2%
|
2.50%
|
60%
|
|
3 yr Fixed
|
6.49%
|
5.89%
|
3/3/2%
|
2.50%
|
60%
|
|
5 yr Fixed
|
6.69%
|
6.09%
|
5/5/4/3/2%
|
2.50%
|
60%
|
£5,000-£999,999 75% LTV
range
|
Product
|
Old
Rate
|
New
Rate
|
ERC
|
Fee
|
Max
LTV
|
|
2 yr Fixed
|
6.59%
|
5.99%
|
3/2%
|
2.50%
|
75%
|
|
3 yr Fixed
|
6.79%
|
6.19%
|
3/3/2%
|
2.50%
|
75%
|
|
5 yr Fixed
|
6.99%
|
6.39%
|
5/5/4/3/2%
|
2.50%
|
75%
|
£1,000,000-£1,999,999 75% LTV
range
|
Product
|
Old
Rate
|
New
Rate
|
ERC
|
Fee
|
Max
LTV
|
|
2 yr Fixed
|
6.89%
|
6.29%
|
3/2%
|
2.50%
|
75%
|
|
5 yr Fixed
|
7.29%
|
6.69%
|
5/5/4/3/2%
|
2.50%
|
75%
|
New products
|
Product
|
New
Rate
|
Loan
Size
|
ERC
|
Fee
|
Max
LTV
|
|
3 yr Tracker
|
5.89%
(+2.89)
|
£5,000-£999,999
|
3/2/2%
|
2.50%
|
60%
|
|
3 yr Tracker
|
6.19%
(+3.19)
|
£5,000-£999,999
|
3/2/2%
|
2.50%
|
75%
|
|
3 yr Tracker
|
6.49%
(+3.49)
|
£1,000,000-£1,999,999
|
3/2/2%
|
2.50%
|
75%
|
All cases on the old products must be
submitted on C&G Caseflow by midnight tonight 18 November.
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