"We hope these expansions to our Buy to Let product range will not only offer landlords a wider range of product options but also some stability in what has been for some a difficult few years to own a rental property"
- Jamie Hyland - Melton Building Society
Melton Building Society has announced that it is offering landlords greater choice and flexibility with the launch of four new BTL fixed-rate products.
Following the changes, there are now two new products available for Business Buy to Let landlords and two new products for Family Buy to Let Landlords. According to the lender, this will further support existing and prospective landlords with the security that comes with fixing their rates.
The Business BTL Fixed Rate products are available over 2 years at 5.35% or 5 years at 5.05%, both with a £995 fee.
Family landlords can take advantage of either a 2-year fixed rate offering at 5.95% and a 5-year at 5.15%, both with a £199 fee. All products are available to a maximum of 75% LTV.
Head of Product and Marketing, Jamie Hyland said of the changes: "We understand it’s been a challenging few years for landlords, the majority of whom will have experienced a great deal of change and volatility.
"At Melton Building Society we are committed to offering a product range that provides borrowers with choice. We hope these expansions to our Buy to Let product range will not only offer landlords a wider range of product options but also some stability in what has been for some a difficult few years to own a rental property.”
