Dragonfly Property Finance has made key changes to its buy-to-let product range.
The lender has introduced the following changes across its two, three, four and five-year buy-to-let deals:
- The completion fee has been reduced from 3% to 2.5%
- The early repayment charge for the term of all buy-to-let loans has been cut to 3% in each year
- The ERC-free period at the end of all loans has been increased to three months from one month
“As we enter a new era for Dragonfly, I felt it was important to review our entire product range and, where possible, seek to make it even more competitive,” said Mark Posniak, managing director, Dragonfly Property Finance.
“These adjustments to our buy-to-let proposition are the first step in that direction. During the past two years, we have completed on a large number of loans for first-time landlords, first-time buyers, ex-pats and people with hard-to-prove income.
“Coupled with our flexibility to lend on unusual assets, such as HMOs and semi-commercial properties, these improvements will help cement our position as the ‘go-to’ lender for quality buy-to-let clients that traditional high street lenders will not serve.”
