Vernon Building Society has added five new buy-to-let (BTL) mortgages to its existing range of landlord products.
The lender said the move means it now has a wide range of options for landlords, including those who operate under a limited company structure, as well as landlords who own their properties on a personal basis.
Vernon’s new products include a five-year discounted rate at 2.49% up to 75% LTV with a £1,499 fee, a two-year discounted rate at 2.99% up to 75% LTV with a £999 fee, and a three-year discounted rate at 3.29% up to 75% LTV with a £999 fee, available to both individual and limited company landlords.
The other products are a limited company landlord five-year discounted rate at 2.49% up to 75% LTV with a £1,499 fee, and a limited company two-year discounted rate at 2.99% up to 75% LTV with a £999 fee.
Vernon’s BTL mortgages are also now available to non-owner occupiers, first-time landlords and first-time buyers on an individual and limited company basis, as well as on let-to-buy applications.
“We’ve boosted our BTL product range to meet demand,” said Vernon head of mortgage and savings distribution, Brendan Crowshaw. “And we’ve updated our lending criteria to support a wider range of landlords, whether they’re first-time buyers or seasoned professionals with their portfolio held in a limited company structure.
“We’ve listened carefully to brokers and added these products to meet the needs of your clients. Our practical approach to underwriting means we’ll treat each case individually and look for ways to say yes where possible.”
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