Buy-to-let mortgage LATEST - best long-term fixed rates

Paragon one of the UKs leading buy-to-let mortgage providers recently called on the government to help buy-to-let landlords as only 2 out of the 10 leading buy-to-let lenders in 07 remain in the market.

At the same time this week one of the biggest buy-to-let mortgage brokers Mortgages for Business urged landlords that it may be time to consider a long term fix following indications in the FT that fixed rate mortgage rates may be rising.

Landlord insurance - professional advice and discounted rates

In light of this I went in search of some of the best long-term fixed rate buy-to-let mortgages currently available:

The best five year fix is currently available from BM SOLUTIONS which is offering a 5.84% fixed rate until July 2014 with an APR of 4.9% and a £1250 fee. LTV is upto 75%.

BM SOLUTIONS now part of the enlarged Lloyds group are also offering the best 10 year fix with a 5.99% product. LTV is also 75% and the fee is £1500.

A new lender to the market is Whiteaway Laidlaw Bank part of Manchester BS that has launched a 5 year fixed rate again at 5.99% but with a fee of only £999. They will only lend a maximum of 70% LTV and within a 100 miles of Manchester.

For those less keen on the high fees the Post Office does a 6.3% 5 year fixed until the end of May 2014 with a fee of £599 also offering 75% LTV.

For more expert FREE advice on buy-to-let mortgages

Latest news this week on buy-to-let mortgages provided by emoneyfacts:

• Whiteaway Laidlaw Bank
• NEW to Moneyfacts Buy-to-let lender Whiteway Laidlaw has launched a FIXED RATE MORTGAGE of 5.99% for 5 years. W.e.f. 20.5.09. ...more
• 21 May 2009
• Loughborough BS
• NEW buy-to-let DISCOUNTED VARIABLE RATE MORTGAGE of 3.99% for 1 year, w.e.f. 18.5.09. ...more
• 18 May 2009
• Principality BS
• Buy-to-let FIXED RATE MORTGAGE of 4.99% to 31.3.12 withdrawn & replaced with new rate of 5.19% to 30.6.12, w.e.f. 16.5.09....more
• 15 May 2009
• The Mortgage Works
• Buy-to-let FIXED RATE MORTGAGES of 4.74%, 4.89%, 4.98% & 5.69% to 31.5.12, 5.84% & 6.34% to 30.4.14 and for remortgage only of 5.34% to 31.5.12 & 5.99% to 30.4.14, withdrawn w.e.f 15.5.09....more
• 15 May 2009
• Bank of Ireland (NI)
• Buy-to-let FIXED RATE MORTGAGE of 6.29% to 30.6.14 withdrawn. FIXED RATE of 6.19% to 30.6.12 withdrawn & replaced with rates of 5.79% & 5.99% to 31.8.12, w.e.f. 14.5.09....more
• 15 May 2009

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