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Private Label launches buy-to-let at 5.99 per cent rate

Private Label is launching a buy-to-let mortgage fixed at 5.99 per cent for five or ten years with no overhanging redemption penalties.


For loans above £175,000 there is a 0.25 per cent reduction.


The minimum loan is £40,000 and maximum is £500,000 per property. Full status borrowers will be offered 80 per cent loan to value and non status borrowers 70 per cent LTV.


Private Label is also offering overpay, underpay and payment holiday options for borrowers.


IFAs will be paid a fee of £165 on completion.

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