Woolwich extends buy-to-let lending
Woolwich has increased its maximum loan to value on buy-to-let mortgages to 75%, up from 60%.
The lender has also launched a number of best-buy rates, including a two-year fix at 4.39% and a lifetime tracker at base rate plus 3.49% - there is also a five-year fixed rate at 4.99%. All of these deals have a £1,999 arrangement fee.
Woolwich has been planning to increase its buy-to-let lending figures and they needed to make their mortgages more competitive. They expect the new deals to be popular and the maximum loan on an individual property is £1 million.
04 November 2011
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