The UK’s Lowest BTL Mortgage RatePosted in Buy To Let Mortgages
December 13, 2013
2.45% is now the lowest BTL interest rate in the UK and it’s available for loans from £50,000 to £300,000. This is a variable rate with a discount of 3.19% off the standard variable rate for the first 2 years. It’s available for purchase and remortgage and the lender provides a free valuation on all applications. One of the best features of this mortgage is the rent calculation which allows very high lending on a given rent. Look at this example:
An unencumbered property is valued at £272,000 and the applicant wants to raise the maximum amount of capital supported by rent of only £450 per month. This lender will lend £163,250 which is far more than the any other lender.
January 09, 2014
The lowest Buy-to-Let mortgage rate of just 1.99% is back in the market today. It’s a 2-year tracker product at 60% LTV for properties in England & Wales and comes with a free valuation for purchases and remortgages, plus free legal fees for remortgages. It is designed for single/family tenants, but the lender will allow up to 4 people sharing, subject to them being on 1x AST agreement. Applicants should have a minimum income of £20,000 pa (sole) or £30,000 (joint) and be 21 or over. The minimum property value is only £50,000 and so is ideal for those looking to pick up a bargain-priced property. The minimum loan size is £25,001 and the maximum loan size is £250,000.
Call 0117 223 2050 for full details and speak direct to an adviser