News: Post office withdraws BTL products

Fri, 11 Sep 20

The Post Office withdrawn a number of buy-to-let mortgage products. 

The lender emailed brokers to let them know that it will no longer be offering a number of deals from 11am on Thursday 10th September.

The withdrawals include products based on an income cover ratio including a 60% loan-to-value (LTV) deal, which was available on a two-year fixed rate basis, starting from 1.34%. 

A range of five-year fixed rate deals starting from 1.68% have also been pulled.

Post Office also recently withdrew equivalent products in its ‘top-slicing’ range, which factor in landlords’ personal income.

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