Habito has introduced new buy-to-let (BTL) tracker rate deals for landlords for the first time.
The trackers will be available for the whole term of the mortgage and come with no early repayment charges.
Habito’s tracker products are available from up to 65% LTV, starting at 2.50% above base rate, with a 1.50% fee, going up to 80% LTV, at 2.85% above base rate with a 2.00% fee.
The deals will be available for purchase and remortgage, and for individual landlords or limited company landlords.
The latest launch follows Habito’s launch of longer-term fixed rates at seven and 10 years, at both 80% and 85% loan-to-values for its BTL customers.
Habito vice president of lending Alan Fitzpatrick says: “While this product tracks the base rate, with no early repayment charges, we believe our new tracker range will be of interest to landlords who might want to ride out the current period of high inflation, to when the fixed-rate pricing landscape improves.”
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