A five-year buy-to-let product has seen the largest reduction.
14th October 2024
A five-year buy-to-let product has seen the largest reduction.
The Society will now accept joint borrower sole proprietor applications across residential, buy-to-let and holiday let.
The new buy-to-let and holiday let products are available for purchase, remortgaging and capital raising.
The rate cuts cover HMOs, holiday lets, and short-term lets.
The lender has reduced HMO and holiday let rates as part of the changes.
Rates are reducing by up to 0.20%.
Reductions apply across the lender's portfolio, expat, holiday let, and HMO products.
Rates have reduced by up to 0.25%.
Rates have reduced by up to 30bps.
Ashley Pearson, head of intermediaries at Loughborough Building Society, explains why holiday lets can be a viable and profitable investment throughout the year.