October Buy-To-Let Rate Watch
There have been some exciting developments in the market this month as we have seen three leading lenders competitively adjusting their Buy-To-Let portfolio. Here are the highlights:
Lender 1
The first lender we’d like to look at has launched a 2 Year Discounted Variable Rate Mortgage at 3.99%. The maximum loan to value is 75%
, which is pretty good.
Lender 2
Lender number two
has launched a new range of residential and buy-to-let mortgages including fixed, flexx, trackers and capped products with no Early Repayment Charges.
- 3.99% “flexx” tracker. This is 3.49% plus the Bank of England Base Rate. The deal is capped at 4.99% until 31.12.14. The maximum Loan to Value is 65%. There is no early repayment charge applies if you leave the mortgage early.
- 4.35% “flexx”. This is 3.85% plus the Bank of England Base Rate. The deal is capped at 5.35% until 31.12.14. The maximum Loan to Value is 65%. There are no early repayment charge applies if you leave the mortgage early.
- 3.99% “flexx” fixed until 31.12.13. The maximum Loan to Value is 65%. There is no early repayment charge applies if you leave the mortgage early.
Lender 3
The third lender has slashed fees on their buy-to-let 2 year fixed rate exclusive from 3% to 2%. This mortgage has a maximum Loan to Value of 80% and the added incentives of refunded valuation fees and free basic legal work.
25th October 2011 • Anna Whyte, kindly reproduced with permission from if I were you
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