Chorley BS launches two new BTL products
Chorley Building Society has launched two new buy-to-let products following feedback received from brokers.
The two new products are a 2-year discount and a limited company 2-year discount, both up to 70% LTV at 3.99%.
These are a 4.40% discount from the society's current SVR. Both offer a lower interest rate than the Society’s equivalent standard Buy to Let products and have a fixed 3% scheme fee.
Shane Dye, senior BDM (pictured), commented: “We listen to all feedback that we receive from our broker network. The potential to offset a scheme fee (dependent on the landlord’s individual tax liability status) and benefit from a lower interest rate, was something that had come up many times. We are delighted to include this as part of our extensive buy to let range of products.”
Breaking news
Direct to your inbox:
More
stories
you'll love:
This week's biggest stories:
Budget
Budget: Government introduces mansion tax on high-value homes
Budget
Budget: Government introduces £2,000 salary sacrifice cap
Lifetime Isa
Budget: Lifetime ISA to be scrapped in favour of new first-time buyer ISA
Budget
Budget: Property income tax to rise by 2%
FCA
Firms required to report complaints involving vulnerable customers under simplified FCA rules
Santander
Santander joins mortgage price war with new rates from 3.51%