Woolwich launches buy-to-let tracker rates

Woolwich has launched buy-to-let tracker rates available from today.

The product range includes a Barclays Bank base rate plus 0.89% tracker rate for loans up to 75% LTV, and a BBBR plus 0.99% switch and save tracker for loans up to 75% LTV. They also include a set of stepped trackers with year one headline rates starting at 4.99%, BBBR plus 0.49%.

Andy Gray, head of mortgages for the Woolwich, says: “These products continue to build on the recent success we have enjoyed with buy-to-let fixed rates and are targeted to be particularly appealing for customers funding up to 75% LTV.

“We have developed a set products offering a range of benefits to different investors. These include flat tracker products that offer excellent long-term value to landlords, stepped products that give low initial pay rates combined with a simple single reversion rate and products with no early repayment charge for landlords requiring total flexibility.”

All existing buy-to-let tracker rates will be withdrawn close of business on Thursday December 1 2005.