Buy-to-let mortgage LATEST fixed rates continue to rise

This week we have seen several lenders increase their fixed rate indicating that fixed rate mortgages continue to rise.

Both the Leeds BS, the Northern Rock and Principality BS have increased their fixed rates on their buy-to-let mortgages in the last 7 days.

The market in fixed rate mortgages continues to tighten as SWAP rates rise and lenders look to minimise their exposure to a sudden jump in interest rates resulting from a future tightening of monetary policy.

So what are the best fixed rates buy-to-let mortgage deals available at the moment? Well this depends on your criteria on whether you are looking to buy and new buy-to-let property, remortgage an existing one. What loan to value you are looking for and how long you want to fix you mortgage for.

I have carried out a quick review of the buy-to-let mortgage market and would highlight these buy-to-let fixed rates as being amongst the current market leading rates:

1 year fix

3.49% The Mortgage Works still offers the leading 1 year fix on a max 70% LTV fixed until 31/07/10, no max on properties, admin fee 3.5%.

3 year fix

4.94% Whiteaway Laidlaw Bank, 70% LTV, max no. of properties 4, admin fee of 2.5% of advance.

5 year fix

5.89% National Counties, LTV 70% fixed until 31.05.14, any number of properties, admin fee £2495

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