Mortgages  

Launch Pad: Buy-to-let mortgages

Key features:

Longer-term fixed rate mortgages:

• 5-year fixed-rate 3.99%, 60% LTV, £1,995 product fee

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• 5-year fixed-rate 4.39%, 75% LTV, £1,995 product fee

Cuts to BTL purchase and remortgage fixed-rate and tracker deals:

• 2-year fixed-rate decreasing to 3.39% from 3.59%, 75% LTV, £1,995 product fee

• 2-year fixed-rate decreasing to 4.25% from 4.49%, 75% LTV, no product fee

• 2-year tracker decreasing to 3.29% from 3.49%, 75% LTV, £1,995 product fee

• 2-year tracker decreasing to 4.15% from 4.39%, 75% LTV, no product fee

IFA verdict: Colin Cloy, director of IHT Free, West Sussex: “In the past 24 hours I have received two BTL enquiries, neither of which I am happy about or likely to act on. There is inequity in our society over the issues posed by what I believe is a BTL bubble.”