Mortgages plc has added two new products to its buy to let range. The new products are for non-conforming borrowers, and are available at up to 80 per cent loan to value.
The light product, at 6.05 per cent, allows £2000 of CCJs and no arrears in the last 12 months. The medium product, at 6.40 per cent, allows up to £5000 CCJs and 2 months' arrears in the last 12 months. Both products ignore CCJs that are satisfied, more than two years old, or under £100. Both rates include a 1.5 per cent discount until 31st May 2005.