Landlords I can announce the return of the cap! No it's not some strange of landlord birth control.It actually refers to a type of buy-to-let mortgage which allows landlords to hedge against potentially rapidly rising interest rates whilst benefiting in the short term from a low pay rate. This type of buy to let mortgage rate had all but disappeared as mortgage rates over the last 5 years were relatively stable. However, with the introduction of quantitative easing in an attempt to drag us out of a deflationary hole we may all be facing a big inflationary bubble. This will need to be choked off in the next couple of years requiring the Bank of England to raise dramatically the base rate and therefore buy-to-let mortgage rates.
Landlords should think seriously about using a capped buy-to-let mortgage products to insure them against dramatic rate rises.
The capped rate announced are buy-to-let mortgages from the intermediary lending arm of Coventry BS - Godiva. The capped rate is set at 5.49% to 30.06.09 with a current pay rate of 3.99%.
For more of the latest relating to buy-to-let mortgages see below. This information has been bought to you courtesy of Emoneyfacts.
For more of the latest relating to buy-to-let mortgages see below. This information has been bought to you courtesy of Emoneyfacts.
- Loughborough BS
- Buy-to-let FIXED RATE MORTGAGE of 4.99% for 3 years withdrawn, w.e.f.17.3.09....more
- 18 Mar 2009
- Stafford Railway BS
- Buy-to-let STANDARD VARIABLE MORTGAGE RATE will be reduced by 0.25% to 4.50% & VARIABLE RATE for multiple occupancy by 0.26% to 4.99%, w.e.f. 1.4.09....more
- 17 Mar 2009
- The Mortgage Works
- REVERT RATES on buy-to-let ONE YEAR PRODUCTS amended to 3.99% for term and NEW FIXED RATES of 4.99% & 5.34% to 30.4.11 launched, w.e.f. 17.3.09....more
- 17 Mar 2009
- The Mortgage Works
- Lender advises that due to technical problems buy-to-let launch due 14 March is on hold....more
- 16 Mar 2009
- The Mortgage Works
- REVERT RATES on buy-to-let ONE YEAR PRODUCTS amended to 3.99% for term and NEW FIXED RATES of 4.99% & 5.34% to 30.4.11 launched, w.e.f. 14.3.09....more
- 14 Mar 2009
- Coventry BS
- MAXIMUM loan to value on FIXED RATE MORTGAGE of 5.40% to 30.6.14 and CAPPED RATE MORTGAGE of 5.49% to 30.6.12 reduced to 60%. FEE on FIXED RATE MORTGAGE of 5.40% to 30.6.14 increased to £1,999. All w.e.f. 13.3.09....more
- 13 Mar 2009
- Godiva Mortgages
- MAXIMUM loan to value on FIXED RATE MORTGAGE of 5.40% to 30.6.14 and CAPPED RATE MORTGAGE of 5.49% to 30.6.12 reduced to 60%. FEE on FIXED RATE MORTGAGE of 5.40% to 30.6.14 increased to £1,999. All w.e.f. 13.3.09....more
- 13 Mar 2009
- Loughborough BS
- Buy-to-let LENDING AREA restricted to within post codes of LE, NG and DE, w.e.f. 12.3.09....more
- 13 Mar 2009
- Newbury Mortgage Services
- Buy-to-let FIXED RATE MORTGAGE of 5.99% to 30.9.13 withdrawn & replaced with FIXED RATE of 5.99% to 31.3.14, w.e.f. 11.3.09....more
- 12 Mar 2009
- RBS IP NatWest
- END DATES on buy-to-let FIXED RATES extended to 30 June, w.e.f. 12.3.09....more
- 12 Mar 2009
- Standard Life Bank
- END DATES on buy-to-let FIXED RATES extended to 29 June, w.e.f. 12.3.09....more
- 12 Mar 2009
- Leek United BS
- Buy-to-let DISCOUNTED VARIABLE RATE MORTGAGE of 5.29% for 3 years withdrawn, w.e.f. 11.3.09....more
- 11 Mar 2009
- The Mortgage Works
- ALL buy-to-let VARIABLE BASE RATE TRACKERS reduced by 0.50%, w.e.f. 11.3.09....more
- 11 Mar 2009
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