View more on these topics

BoS launches low rent calculation buy-to-let

Bank of Scotland Mortgages is launching a range of buy-to-let products with a low rental income calculation.

The buy-to-let products will continue to be self-financing, now based on an annual rental income of 125% of the annual interest only mortgage payments using Bank of Scotland base rate plus 0.50%.

This represents a 0.25% reduction on the current rate based on Bank of Scotland base rate of plus 0.75%.

The new products include a term tracker at 5.99%, with a £799 arrangement fee and no early repayment charge.

They also include a two-year tracker at 5.44%, with a £599 arrangement fee and an early repayment charge of 5%.

A one-year fixed rate is available at 5.54%, with a £599 arrangement fee and an early repayment charge of 5% also.

BoS is also offering a two-year fixed rates starting at 5.59%.

John Lloyd, head of sales and processing at Bank of Scotland Mortgages, says: “Our buy-to-let range is already exceptional, and includes a strong offering based on our vast experience in dealing with intermediaries and their buy-to-let clients.”


Dear Delia

My client separated from her partner and would like to buy out his share of their two-bedroom property. Unfortunately she doesn’t earn a lot and doesn’t want to borrow huge income multiples. Are there any products that she can use or do you have any suggestions as to how she can do this?

Rental demand at all time high, says Paragon

Research from Paragon Mortgages reveals that landlords believe tenant demand for rental properties is at its highest rate ever. Almost a third of landlords surveyed stated that demand for rental property is growing or booming. This is an 8% increase from last quarter in the proportion of landlords who report that demand is on the […]

Skipton extends services in NI

Skipton has extended its mortgage services to Northern Ireland. The society, which already lends in the province through its subsidiary Amber Homeloans, will now also offer its products to borrowers through mortgage brokers, estate agents and financial advisers.

HIP website falls victim to net cull

The official Home Information Pack website is to be scrapped just a year after it was launched as part of a major government website cull. There are 951 government websites in existence but the Cabinet Office announced last week that only 26 will remain operational. The government has earmarked 551, including uk, to be […]


News and expert analysis straight to your inbox

Sign up