Bank of Scotland reduces rates on selected buy-to-let products

Bank of Scotland Mortgages has reduced rates on selected buy-to-let products offering intermediaries and their clients very competitive deals.

Peter Curran, head of distribution at Bank of Scotland Mortgages, said: “ARLA's latest survey revealed that 69% of existing buy-to-let investors said that the LTV on their rented residential properties was less than 75% LTV. Bank of Scotland offers a range of low LTV products with extremely competitive rates offering intermediaries real choice for their clients.

“With five increases in the Bank of England base rate in the last 12 months making it increasingly difficult for first-time buyers to get on to the property ladder, the demand for buy-to-let properties continues.”

Bank of Scotland is renowned for its knowledge and understanding of the differing needs of buy-to-let investors, whether they a looking to invest in a property for the first time, or have a portfolio of buy-to-let properties.

All of Bank of Scotland products are self financing, for clients who are looking for keen rental calculations, Bank of Scotland is able to offer a range of 'pay rate rental calculation' products.