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Wednesday, December 24, 2008

Buy-to-let mortgage latest


My last post before I take my leave for xmas. Actually I've got myself a temporary job with a childrens entertainer. Don't you just hate being typcasted!



I've taken a final trawl around the buy-to-let mortgage market before taking my break.



A quick search for buy-to-let fixed rate mortgage shows that The Mortgage Works fixed rate is still the most competitive buy-to-let mortgage available with a fixed rate of 4.49%. This product whilst offering a competitive rate unfortunately comes with a pretty steap arrangement fee of £2450. The mortgage works do offer a no fee product with a fixed rate of 5.84%.



The best variable rate has a marinally higher headline rate of 4.75% available through the buytoletbusiness



Latest changes in the market show variable buy-to-let mortgage rates continue to fall. These will eventually feed through to lower offer rates but all this will depend on falling LIBOR rates and stabilising house prices.



Alliance & Leicester
END-DATE on Buy-to-let FIXED RATE MORTGAGE extended to 31.3.14 & product no longer available via intermediaries, w.e.f. 23.12.08. ...more
23 Dec 2008
Birmingham Midshires Solutions
ALL MORTGAGE PRODUCTS withdrawn and replaced with NEW VARIABLE TRACKER RATE MORTGAGE with "House 2 house" criteria: 5.69% for 3 years, NEW FIXED RATE MORTGAGE with "House 2 house" criteria: 5.49% to 1.4.12, NEW VARIABLE TRACKER RATE MORTGAGES: 5.19% for 2 years; 5.49% for 3 years; 5.69% for 3 years and NEW FIXED RATE MORTGAGES: 4.99% to 1.4.11; 5.29% to 1.4.12 and 5.49% to 1.4.12. W.e.f. 20.12.08....more
23 Dec 2008
Nottingham BS
Buy-to-let STANDARD VARIABLE MORTGAGE RATE reduced to 6.54%, w.e.f. 22.12.08 & Minimum rental cover requirement calculation now based on BBR + 5%....more
23 Dec 2008
Yorkshire Bank
Buy-to-let STANDARD VARIABLE MORTGAGE RATE will be reduced to 4.99%, w.e.f. 31.12.08....more
23 Dec 2008
Clydesdale Bank
Buy-to-let STANDARD VARIABLE MORTGAGE RATE will be reduced to 4.99%, w.e.f. 31.12.08....more
23 Dec 2008
Holmesdale BS
Buy-to-let STANDARD VARIABLE MORTGAGE RATE will be reduced by 0.25% to 5.99%, w.e.f. 1.1.09....more
23 Dec 2008
Cumberland BS
Buy-to-let STANDARD VARIABLE MORTGAGE RATE reduced by 0.50% to 5.55%, w.e.f. 22.12.08....more
23 Dec 2008
Newbury Mortgage Services
Buy-to-let STANDARD VARIABLE MORTGAGE RATE reduced to 5.25%, w.e.f. 20.12.08. & VARIABLE RATE MORTGAGE of 5.75% for term withdrawn. NEW FIXED RATE MORTGAGE of 5.99% to 30.9.13, w.e.f. 20.12.08....more
22 Dec 2008
Coventry BS
Buy-to-let STANDARD VARIABLE MORTGAGE RATE reduced by 0.35% to 4.99%, w.e.f. 1.1.09....more
22 Dec 2008
Godiva Mortgages
Buy-to-let STANDARD VARIABLE MORTGAGE RATE reduced by 0.35% to 4.99%, w.e.f. 1.1.09....more
22 Dec 2008
Leek United BS
BUY-TO-LET STANDARD VARIABLE RATE increased to 6.49%. STANDARD VARIABLE RATE MORTGAGE of 5.99% for term withdrawn and NEW DISCOUNTED VARIABLE RATE MORTGAGE of 5.99% for 3 years (0.50% discount) collared at 3.00% launched w.e.f. 19.12.08....more
22 Dec 2008
Bank of Scotland
Buy-to-let FIXED RATES withdrawn and replaced with NEW FIXED RATES of 5.99% to 31.3.11, 5.24% to 31.3.12 & 5.79% to 31.3.14. NEW VARIABLE BASE RATE TRACKER of 5.44% to 31.3.12, w.e.f. 20.12.08. ...more
22 Dec 2008
Principality BS
Buy-to-let STANDARD VARIABLE MORTGAGE RATE reduced to 5.34%, w.e.f. 22.12.08. ...more
22 Dec 2008
Ulster Bank (NI)
Buy-to-let STANDARD VARIABLE MORTGAGE RATE reduced to 4.67%, w.e.f. 19.12.08....more
19 Dec 2008
Abbey
Buy-to-let STANDARD VARIABLE MORTGAGE RATE reduced to 4.94%, w.e.f. 19.12.08....more
19 Dec 2008
Abbey
END-DATE on FIXED RATE MORTGAGE extended to 2/4/12, w.e.f. 19.12.08....more
19 Dec 2008
Stafford Railway BS
Further to the previous news dated 5.12.08, buy-to-let STANDARD VARIABLE RATE will now reduce to 5.00% & VARIABLE RATE for multiple occupancy to 5.50%, w.e.f. 1.1.09 and not as previously stated....more
18 Dec 2008
Stroud & Swindon BS
Buy-to-let FIXED RATE MORTGAGE of 6.80% to 30.9.11 withdrawn w.e.f. 18.12.08....more
18 Dec 2008
Yorkshire Bank
END DATES on Buy-to-let FIXED RATES extended by 1 month to 31 March, w.e.f. 19.12.08....more
18 Dec 2008
Clydesdale Bank
END DATES on Buy-to-let FIXED RATES extended by 1 month to 31 March, w.e.f. 19.12.08....more
18 Dec 2008
NatWest Mortgage Services
FEES on selected FIXED RATE MORTGAGES reduced, w.e.f. 18.12.08....more
18 Dec 2008
Dunfermline BS
Buy-to-let STANDARD VARIABLE RATE MORTGAGE withdrawn w.e.f. 17.12.08....more
18 Dec 2008
Royal Bk of Scot Mtges Direct
FEES on selected FIXED RATE MORTGAGES reduced, w.e.f. 18.12.08....more
18 Dec 2008
Derbyshire BS
All buy-to-let FIXED RATE MORTGAGES withdrawn....more
17 Dec 2008

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