View more on these topics

Newbury reduces buy-to-let rates

Newbury Building Society has cuts the rates on its buy-to-let mortgage range, including its products for limited companies.

Rates have been cut by up to 0.25 percentage points.

As a result of these  changes, Newbury BS is now offering a limited company buy-to-let deal at 2.99 per cent (down from 3.2 per cent).

It is also offering both a three-year and five year buy-to-let discount mortgage, at a rate of 2.75 per cent (down from 3 per cent). All of these mortgages are at 75 per cent LTV.

This rate reduction follows the launch of Newbury’s new buy-to-let affordability calculator, which uses rental coverage of 135 per cent at an interest rate of 5.5 per cent, and also takes into account top-slicing.

Newbury Building Society’s lending manager Roger Knight says: “We’ve taken steps to strengthen our buy-to-let offering. Not only have we launched a new calculator that considers top-slicing, we have now reduced the price of our buy-to-let products for individuals and limited companies.”

He said the Society aimed to support first-time landlords, smaller scale landlords as well as more seasoned property investors interested in growing their buy-to-let portfolios.



Newbury BS joins L&G Mortgage Club

Legal & General Mortgage Club has added Newbury Building Society to its panel of lenders. Members of the club will now have access to the mutual’s entire mortgage range, which includes standard residential, shared ownership, self-build and buy-to-let deals. Legal & General head of lender relationships Danny Belton says Newbury is a welcome addition to […]

mortgage, calculator

LendInvest launches new buy-to-let calculator

LendInvest has launched a new online buy-to-let calculator for intermediaries. This new online tool will calculate the LTV, annual rental yield and maximum gross loan amount for both individuals and limited companies. The calculator is designed to give an accurate borrowing range and cover criteria for single properties, HMOs, and multi-unit freehold blocks. LendInvest says […]


News and expert analysis straight to your inbox

Sign up