Personal Touch Financial Services has combined forces with Woolwich to launch two fixed rate buy-to-let and Switch & Save products.
Both products have a fixed rate of 4.99%, carry an arrangement fee of £995 and have a maximum LTV of 80%. For the remortgage Switch & Save products there is a free valuation and legal fees are paid when an inhouse solicitor is used.
Dev Malle, director of mortgage distribution at PTFS, says: “For the buy-to-let product in particular, this is a cracking fixed rate and I am delighted that our members have access to it.”
David Findlay, intermediary business director at Woolwich, says: “Having had a great 2006 with PTFS we are looking forward to an even better 2007. Providing exclusive products is one of the ways we can add value to a valuable partner and an important player in mortgage distribution.”
Tom O’Neil, CEO at Fuel Investments, says: “Despite the maximum 80% LTV this is an excellent fixed rate and the fee is addable.
“This type of product will provide confidence to buy-to-let clients and is well timed.”