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Wednesday, June 15, 2016

Specialist BTL tracker with Axis Bank

Property Hawk Mortgages launches new specialist buy-to-let tracker with Axis Bank.

The BTL two year variable rate product with Axis Bank is available for limited companies, HMOs, expats and student lets. 

The initial rate is 3.69% (LIBOR + 3.10%) up to 75% LTV with a 1.5% completion fee and no early repayment charges.

Jane Simpson, at Property Hawk Mortgages, says: 

“Property Hawk Mortgages is a highly experienced buy-to-let mortgage specialist and we are pleased to launch this new product with Axis Bank, which we are expecting to be popular with brokers and their landlord clients.

The rate is especially competitive in niche areas of the buy-to-let market. We are seeing a steady demand for limited company and HMO buy-to-let mortgages and this product stacks up well against other rates that are available in this specialist area.

It has a rental calculation of 125% at 5% which is appealing in today’s environment of rising rent stress tests and there are no early repayment charges, which may be an attractive feature for some applicants. The product is also a good option for expat landlords where choice can sometimes be limited.”

Tel; 029 2069 5446



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