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Post Office Money launches BTL loans for small portfolio landlords

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Post Office Money will launch a new range of buy-to-let mortgages on Friday aimed at landlords with small portfolios.

The lender says its latest products are designed for those buying their first rental property, or for someone who wants to own one or two such properties.

The new rates start from 1.93 per cent for a two-year fixed loan at 70 per cent LTV with a £995 fee.

The lender will also launch a two-year fix at 1.98 per cent at 75 per cent LTV with a £995 fee.

Post Office Money is also launching a three-year fixed rate loan at 2.28 per cent at 60 per cent LTV, with a £995 fee and a five-year fix at 2.78 per cent at 70 per cent with the same fee amount.

Post Office Money managing director Owen Woodley says: “Property is still an attractive investment for many; however factors such as the increased stamp duty tax on additional properties mean people are shopping around for the best deal to keep costs down.

“We are continuing to improve our mortgage offering across the board to help customers make their buy to let aspirations a reality.”

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  • Samantha Cox 31st January 2017 at 10:55 am

    And what’s their rental calculation I wonder? Will they have to follow PRA guidelines too?