Mortgages  

Launch Pad: Buy-to-Let mortgages

Launch Pad: Buy-to-Let mortgages

Axis Bank is set to open its doors to mortgage intermediaries with a range of buy-to-let products at the end of April.

Following a three-week pilot, Axis will launch officially on 27th April to a restricted panel of specialist intermediaries initially.

■ It will target experienced landlords with both a standard and specialist range of B2L mortgages.

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■ Key features

■ Rates start at 3.79% for a 2-year fixed rate to 75% LTV with a fee of 1.5%

■ No minimum income requirements

■ Unlimited number of mortgaged properties with other lenders

■ Loans up to £1m

■ Lending to limited companies and expat landlords

■ HMOs up to six beds

■ Multi-unit freeholds up to five units

Adviser view

Steve Olejnik, sales director at specialist broker Mortgages for Business, said: “We have been working closely with Axis in the run-up to launch and I am impressed with its new online submission platform.

“The decision-making process will be quick and pragmatic too with all cases being assessed and negotiated individually. I think that brokers will be impressed with the attention to detail and level of customer service.”