Ipswich BS has launched a new buy to let fixed rate mortgage that is available in selected postcodes. The product is priced very competitively with a rate of 4.99% to 31.7.11, a 75% loan-to-value and a respectable flat fee of £1,599. While it puts similar contenders in the shade, the downside is that the product is only available in a selected number of postcodes - IP, CO, CM, NR, CB and PE. However, the society's return to the buy-to-let scene with this fixed rate offering is certainly a welcome one. For second time buyers or those looking to remortgage who live in the required postcodes, this is a strong contender that has been awarded four out of five Moneyfacts stars.
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