Bank of Scotland International (BoSI) has launched a two-year buy-to-let fixed rate mortgage. The m...
Bank of Scotland International (BoSI) has launched a two-year buy-to-let fixed rate mortgage.
The mortgage, which is available at 75% loan to value, has a fixed rate of 5.49% for two years. For mortgages with a loan to value between 75% and 80%, the rate is fixed at 5.69%. The minimum loan amount is set at £100,000 and capped at £1m.
Ranald Caldwell, head of lending at BoSI, believed the demand for fixed rate products would rise, following last month's decision by the Bank of England to raise interest rates by a quarter percent to 4.75%.
He added: "This could herald the start of a period of interest rate uncertainty. During such periods, clients often prefer the facility and reassurance that a fixed rate mortgage can bring to their budgeting and lifestyle."
Partner Insight: For Blackfinch, the arrival of its IHT portfolio services was a 'natural evolution' in the group's offering and points to an established track record of returning cash to investors.
Senior Managers Regime
Interest rate outlook unchaged