New BTL loans for small portfolio landlords launched

Post Office Money has launched a new range of buy-to-let mortgages aimed at those buying their first rental property or already own just one of two properties.

The new rates start from 1.93% for a two-year fixed loan at 70% loan-to-value (LTV) with a £995 fee.

The lender has also launched a two-year fix at 1.98% at 75% LTV with a £995 fee.

An additional three-year fixed rate loan at 2.28% at 60% LTV, with a £995 fee and a five-year fix at 2.78% at 70% with the same fee amount has also been introduced for those with small property portfolios.

Owen Woodley, the managing director at Post Office Money, commented: “Property is still an attractive investment for many; however factors such as the increased stamp duty tax on additional properties mean people are shopping around for the best deal to keep costs down.

“We are continuing to improve our mortgage offering across the board to help customers make their buy-to-let aspirations a reality.”

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