Chorley Building Society has launched two new buy-to-let (BTL) fixed rate remortgages and a later life fixed rate remortgage.
The 60% loan-to-value (LTV) BTL remortgages are available as a two-year fixed option and a five-year fixed option and both include a £500 cashback option.
The BTL five-year fixed rate at 60% LTV, remortgage (fixed until 30.09.2030) has a rate of 4.49% and £500 cashback, while the BTL two-year fixed rate at 60% LTV, remortgage (fixed until 31.01.2028) has a rate of 4.79% and £500 cashback.
The society has also introduced a later life five-year fixed rate remortgage at 60% LTV (fixed until 30.09.2030) with a rate of 4.69% with a legal fee contribution of £203.24+VAT.
Chorley Building Society senior business development manager Shane Dye says: “During my broker meetings, it was becoming very clear that a fixed rate BTL remortgage product was needed to support brokers and their clients. We are delighted that we can introduce these two products to provide brokers with term-length options.”
“We already offer a number of later life products, including large loan and discount options. Adding a fixed rate remortgage to our range provides the broker with a variety of solutions for a later life client.”
Elsewhere, Landbay has reduced rates across its five-year fixed rate premier products, with rates now starting at 4.09%.
The biggest reduction is to the premier five-year fixed rate products available at up to 75% LTV, with all four products cut by 0.15%.
The free valuation remortgage products in the premier range have also seen reductions of 0.13%, with rates now starting at 4.14% at up to 75% LTV.
Product transfer options, including those offering free valuations have been cut by as much as 0.14%.
New product highlights:
• Premier five-year fixed 75% LTV 5% fee at 4.09% • Premier five-year fixed 75% LTV 1% fee at 4.89%
• Premier Remortgage free val five-year fixed 75% LTV 5% fee at 4.14% • Premier Remortgage free val five-year fixed 75% LTV 1% fee at 4.94%
• Product transfer Premier five-year fixed 75% LTV 5% fee at 4.15% • Product transfer Premier five-year fixed 75% LTV 2% fee at 4.75%
Landbay sales and distribution director Rob Stanton says: “Following the launch of new Premier products last week, it is great to be able to announce rate reductions across our Premier range of five-year fixed products.”
