Looking for a BTL Remortgage Special?
Remortgage activity has long proved a vital revenue stream for intermediaries within the buy-to-let sector. Particularly in recent times as the increase in stamp duty charges for ‘additional property owners’ has impacted the number of new purchases, a trend which shows no sign of slowing down any time soon.
A recent study by Foundation Home Loans – undertaken by BVA BDRC – suggested that nearly a third of all landlords took out a remortgage last year, and a similar number are expected to remortgage in the next 12 months. And, with more landlords looking for additional security and greater longer-term stability over their payments, the launch of the Foundation Home Loans five-year fixed rate remortgage special is bound to prove attractive for your BTL clients.
The new mortgage is part of Foundation’s Tier 1 product range and can be accessed by first-time landlords, non-portfolio and portfolio landlords.
The five-year fixed rate remortgage special is priced at 3.59% up to 65% LTV, and 3.89% up to 75% LTV. The product comes with a flat fee of £2,995 and ERC’s of 5%, 4%, 3%, 2%, 1%. It also comes with one FREE standard valuation and £250 cashback upon completion.
Contact TFC Homeloans now for more information and to apply.