There has been a recent flurry of activity amongst lenders to offer lower interest rates to meet the needs of many would-be landlords, and those looking to remortgage their buy to let property.
New buy to let tracker mortgage rates
We have access to these deals. Such as an attractive 2.75% (initial rate) two year tracker product that comes with a free valuation, and if you are purchasing the property (as oppose to remortgaging it), £250 cashback from the lender. This product has an LTV of 60% so you will need a 40% deposit to qualify. The completion deadline is 28 March 2013.
75% LTV BTL mortgage products
If 60% LTV is an impossibility for you, then we also have access to a new tracker product with 75% LTV. This has an attractive initial rate of 3.55% and again is a two year tracker, and has the same deadline of 28 March 2013 for completion.
New buy to let fixed rate mortgage rates
If you prefer to stick to fixed rate products we have a nice new 3.05% rate available with an LTV of 65%. This is a two year fixed rate product, but comes with no early repayment charges, but you are required to provide proof of your income to qualify.
Again, for those that cannot achieve 65% LTV there is a new two year, 75% LTV fixed rate deal available. This has an initial rate of 4.15%, but foes have an early repayment charge of 3% if you repay before 2 December 2014.
How can I apply for these products?
To apply for any of these new buy to let mortgage deals simply fill in our online buy to let mortgage quote form, or give us a call on telephone numbers above to speak to an expert buy to let mortgage advisor today.