The Post Office has announced that it has withdrawn a number of buy-to-let products.
The lender emailed brokers late last week to let them know that it will no longer be offering a number of deals.
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 1.42% with a £1,995 fee and £500 cashback.
A range of five-year fixed rate deals starting from 1.88% with a £1,995 fee and £500 cashback have also been withdrawn.
At 75%, two-year fixed rates has started from 1.61% with a £1,495 fee, while at the same LTV, five-year fixed rates were available from 2.11% with a £1,995 fee and £500 cashback
Post Office has also withdrawn the equivalent products in its ‘top-slicing’ range, which factor in landlords’ personal income.