Building Society enters modest BTL investor market with two products

Beverley Building Society has entered the buy to let market with two new products.

Its variable rate BTL for UK customers is available at 5.64 per cent with a maximum loan-to-value and a completion fee of £995.

Meanwhile, for expat BTL customers there is a product at a variable rate of 6.04% with a maximum LTV of 70% and completion fee of £995.

The society says it has introduced the new products in response to the growing demand from landlords looking for competitive lending solutions to maximise their investment.

The Beverley’s products are designed to help both new and existing landlords up to a total of three buy to let properties per client.

They are also available for non-owner occupiers. For its expat product, there is a list of acceptable countries and a UK named individual – family member or solicitor – is required, as well as their address for service of notices.

A minimum application income of £20,000 per annum is required for the BTL product and £40,000 per annum for the expat.

Beverley Building Society’s head of new lending, Simon Glass, says: “I am thrilled to announce our official launch into buy-to-let lending. 

“I am confident that our expertise and innovative solutions will empower aspiring property investors to achieve their financial goals.

“This strategic expansion marks a significant milestone in our mission to provide accessible and tailored mortgage products to a broader range of customers.”