Here are some of the LATEST buy-to-let mortgage rates.
For those looking for a fix have a look at Coventry BS 4 year fix. Landlords who are convinced that rates will not rise significantly for a couple of years should check out BM Solutions 2 year tracker.
Coventry BS
Interest rate: 5.4%
LTV: 60%
Product Detail: Fixed until 30/06/2013
FREE Valuation
Booking Fee: £250
Arrangement Fee: £1749 can be added to the loan
Early Redemption Penalties: 4.00% of the balance repaid until 30/06/13
Our thoughts: This is market leading at the moment hence being withdrawn at 10.00pm tonight. We have still got time though so call now and we can submit for you immediately.
BM Solutions:
Interest rate: 4.7%LTV: 75%Product Detail: 2 year tracker at 125% rental calculation (base rate + 4.2%)
Arrangement Fee: 3%Early Redemption Penalties: 3% in first 2 years.
Our thoughts: The lowest rental cover for 75% loan to value mortgages therefore good for low rental properties, and BM are still the most efficient and quickest. Remember, you can only have a total of 9 properties within the Lloyds Group.
Please note: Not for the faint hearted – should Bank of England base rate significantly increase, then so will your rate.
Interest rate: 5.4%
LTV: 60%
Product Detail: Fixed until 30/06/2013
FREE Valuation
Booking Fee: £250
Arrangement Fee: £1749 can be added to the loan
Early Redemption Penalties: 4.00% of the balance repaid until 30/06/13
Our thoughts: This is market leading at the moment hence being withdrawn at 10.00pm tonight. We have still got time though so call now and we can submit for you immediately.
BM Solutions:
Interest rate: 4.7%LTV: 75%Product Detail: 2 year tracker at 125% rental calculation (base rate + 4.2%)
Arrangement Fee: 3%Early Redemption Penalties: 3% in first 2 years.
Our thoughts: The lowest rental cover for 75% loan to value mortgages therefore good for low rental properties, and BM are still the most efficient and quickest. Remember, you can only have a total of 9 properties within the Lloyds Group.
Please note: Not for the faint hearted – should Bank of England base rate significantly increase, then so will your rate.
No fees BTL Mortgage Broker Offer
- Tel - 01424 205 373 - ref. PropertyHawk
- Tel - 01424 205 373 - ref. PropertyHawk
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