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Saturday, July 25, 2009

BTL Product Update

This is such a fantastic deal we have to detail it again (no early redemption penalties, remember)

Shepshed BS

Interest rate: 5.45%
LTV: 75%

Rental: 120% at pay rate
Product Detail: 2 year tracker

Arrangement Fee: £999 (£150 upfront with valuation fee)
Early Redemption Penalties: None

Our thoughts: Reasonably low tracker with no penalties and low arrangement fee, a good option for possible buy to sell deals. No flats or properties within the M25 (A bit old fashioned; paper applications so not for deals that need to be hurried through!)

BM Solutions

Interest rate: 5.4%
LTV: 60%

Rental: 125% at pay rate
Product Detail: 3 year fixed

Arrangement Fee: 2.5%
Early Redemption Penalties: 3% until 01/09/2012

Our thoughts: Great low fixed rate for 3 years for remortgages. Quick and efficient as ever.

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