Close unveils B2L deal priced below base rate

Close Mortgages has launched a buy-to-let discount tracker priced below the Bank of England base rate.

The deal is base rate minus 0.01% and includes 110% of the initial pay rate.

John Taylor, chief operating officer at Close Mortgages, says: “Our discounted rates and rental cover now make for some of the most competitive products in the buy-to-let market.”

Close recently expanded its distribution beyond Mortgage Intelligence and signed a deal with Concordia.