Buy-to-let product rate drops

by | Sep 15, 2023 | Products

The revised fixed rate product range will be available from Friday 15th September 2023.

Please note that there will be decreasing fixed rates across limited-edition product ranges.

A summary of some of the changes are noted below:

Product Changes:

  • Standard Limited Edition 5-year fixed from 4.80%
  • Specialist Limited Edition 5-year fixed from 4.80%
  • Standard Limited Edition Non-Portfolio 5-year fixed from 5.50%
  • Specialist Limited Edition Non-Portfolio 5-year fixed from 5.50%
  • All 5-year fixed products ICR at payrate

Revised decreased pricing on 2-year fixed rates with rates starting from 4.90%.

Majority of other limited-edition fixed products decreased.

All existing Limited-Edition fixed rate products withdrawn with immediate effect.

Limited-Edition tracker products withdrawn with immediate effect.

An expanded range of fee options to create greater choice for brokers in supporting clients with the current ICR challenges.

Get in touch today to find out more – helpdesk@brightstarfinancial.co.uk

Product information correct as of 15/09/2023. For intermediaries only.

RELATED NEWS

RELATED NEWS

Tailored remortgage solution

Tailored remortgage solution

Tailored remortgage solutionFor clients with limited company income and credit challengesOverviewOur client sought to remortgage their property amidst challenges including previous mortgage arrears and defaults, compounded by an income structure involving ownership of...

Private Label launches ‘Rockstar Range’ of mortgages

Private Label launches ‘Rockstar Range’ of mortgages

Private Label is introducing the next evolution of the mortgage lending brand, with the launch of the ‘Rockstar Range’ of products. The Rockstar Range of mortgages is designed for individuals who embody the spirit of a rockstar—those who are talented, stand out, and...

The Madness of the Current Mortgage Market (Part 2)

The Madness of the Current Mortgage Market (Part 2)

One year on from their 2023 market update, Group CEO Rob Jupp and Chris Kirby, Head of Sales & Specialist Distribution at TML look forward to a strong second half of 2024. https://vimeo.com/967657730