West Brom launches buy-to-let products

West Bromwich continues to go from strength to strength in the buy-to-let sector.

Lending through the intermediary channel was the highest it has been this year, and 55% of that lending was buy-to-let.

The greatest increase in business has been witnessed in the West Midlands and Yorkshire and the North East, up 22% on Julys figures.

James Taylor, mortgage product manager at West Brom, says: We are now entering our seventh consecutive month of increase in buy-to-let lending and there are no signs of it slowing.

We are also experiencing record turnaround times as our standalone assessment criteria provides a streamlined, efficient process for both brokers and customers.

West Brom is launching a number of products on October 17, including, 4.54% fixed flexi until December 31 2007 with a 1.5% arrangement fee, a 4.79% fixed flexi until December 31 2007 with refunded valuation, free legals for remortgages and 1.5% arrangement fee, a 4.89% fixed flexi until December 31 2007 with an 899 arrangement fee, and a 5.29% fixed for three years with free valuation, free legals for remortgages and a 649 arrangement fee.

All of these products are on daily interest, allowing overpayments, underpayments and payment holidays. They are also available to 85% LTV with 125% rental cover calculated at payrate.