The buy-to-let mortgage range on offer at the Woolwich has been changed and now includes a new buy-to-let tracker mortgage.
This tracker buy-to-let mortgage will track the Barclays Bank base rate (BBBR) by 0.89 per cent.
A maximum loan to value of 75 per cent is available on this buy-to-let mortgage, reports Mortgage Introducer.
Also available is a Switch &Save tracker mortgage that is pegged at 0.99 per cent above the BBBR.
Some stepped tracker mortgages have also been launched, with the cheapest offering a mortgage rate of 4.99 per cent.
The new buy-to-let mortgages and tracker mortgages continue to build on the "recent success" enjoyed by the Woolwich with its fixed buy-to-let mortgage rates, says Andy Gray, the mortgage lender's head of mortgages.
He says the mortgage lender has launched various mortgages that offer "a range of benefits to different investors".
"These include flat tracker products which offer excellent long-term value to landlords, stepped products which give low initial pay rates combined with a simple single reversion rate and products with no early repayment charge for landlords requiring total flexibility."
The new buy-to-let tracker mortgage rates have replaced the mortgage rates previously on offer.
Woolwich changes buy-to-let mortgage rates
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Woolwich changes buy-to-let mortgage rates
Mon, 05 Dec 2005
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