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Derbyshire BS is relaunching entire buy to let range

Derbyshire Building Society is re-launching its entire range of Buy-to-Let mortgages at the same rate of interest of 5.48 per cent on April 11.

It means Buy-to-Let borrowers can choose either a three year discount, three and five year fixed rate and three year and life time tracker mortgage terms at the same rate.

The three year fixed, discount and tracker mortgages end on May 31 2008 and the tracker, 0.73 per cent above BBR comes with a 250 cashback incentive for remortgages.

The five year fixed rate ends on May 31 2010 and the lifetime tracker also comes with 250 cashback for remortgages.

The application fee for all these loans is 495 and all are available for a maximum of 10 properties, 500,000 maximum per property.

These mortgages are available through Derbyshire Intermediary Support.

Additional three year fixed rate and discount BTL mortgages, both at the rate of 5.48 per cent until May 31 2008, will also be launched on April 11 2005. The loans have a maximum exposure of 1.5m over three properties, 500,000 per property max.

Head of intermediary support and development Tony Capon says: “This new range means Buy-to-Let investors don’t have to choose their mortgage on the rate alone. They can select a mortgage with the terms they most prefer instead.”

“We are confident that the Buy-to-Let sector will continue to grow this year and the market has become an integral part of our product portfolio.”

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