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Saturday, June 06, 2009

Buy-to-let mortgage LATEST - Post Office offers more than stamps to landlords

Landlords who think that all you can get from the Post Office are stamps are wrong. Thanks to a tie up between the Post Office and the Bank of Ireland they also offer some pretty competitive buy-to-let mortgages.

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This week the Post Office trimmed 0.31% of their fixed rate products bringing them down to 5.99%. Now this isn't earth shatteringly cheap compared to some of the headline rates offered by for instance the Mortgage Works. However, the product fee of only £599 is far less than many of it's rivals and it will also loan up to 75% of LTV.

One of the most attractive of it's products is the 5 year fixed rate of 5.99% offered until 31.07.14.

More buy-to-let mortgage news this week courtesy of Emoneyfacts:

  • Clydesdale Bank
  • END DATES on buy-to-let FIXED RATES extended to 31 August, w.e.f. 5.6..09....more
  • 05 Jun 2009
  • Yorkshire Bank
  • END DATES on buy-to-let FIXED RATES extended to 31 August, w.e.f. 5.6..09....more
  • 05 Jun 2009
  • Godiva Mortgages
  • Buy-to-let FIXED RATE MORTGAGE of 5.40% to 30.6.14 withdrawn w.e.f. 4.6.09. NEW FIXED RATE of 5.40% to 30.6.13 & NEW VARIABLE TRACKER RATE of 4.49% to 30.9.11, we.f. 5.6.09....more
  • 04 Jun 2009
  • Coventry BS
  • Buy-to-let FIXED RATE MORTGAGE of 5.40% to 30.6.14 withdrawn w.e.f. 4.6.09. NEW FIXED RATE of 5.40% to 30.6.13 & NEW VARIABLE TRACKER RATE of 4.49% to 30.9.11, we.f. 5.6.09....more
  • 04 Jun 2009
  • Bank of China (UK)
  • Buy-to-let VARIABLE MORTGAGE now available to both direct & intermediary business with FEE of £1495 for direct or 1% (min £1495) via selected intermediaries & COMMISSION of 50% of arrangement fee payable, w.e.f. 1.6.09....more
  • 03 Jun 2009
  • Post Office®
  • ALL buy-to-let FIXED RATE MORTGAGES withdrawn & replaced with products of 5.99% & 6.19% to 31.7.12 and 5.99% & 6.19 & to 31.7.14, w.e.f. 3.6.09....more
  • 02 Jun 2009
  • Cheltenham & Gloucester
  • END DATES on direct business buy-to-let products extended to 31 October, w.e.f. 3.6.09....more
  • 02 Jun 2009
  • Abbey
  • END-DATE on buy-to-let FIXED RATE MORTGAGE of 7.04% extended to 2 September, w.e.f. 1.6.09....more
  • 01 Jun 2009
  • NatWest Mortgage Services
  • END DATES on buy-to-let FIXED RATES extended to 31 August, w.e.f. 29.5.09....more
  • 01 Jun 2009
  • Royal Bk of Scot Mtges Direct
  • END DATES on buy-to-let FIXED RATES extended to 31 August, w.e.f. 29.5.09....more
  • 01 Jun 2009
  • The Mortgage Works
  • END-DATES on Buy-to-let MORTGAGES extended to 31 July, w.e.f. 30.5.09....more
  • 30 May 2009

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2 comments:

Below Market Value said...

It is great to see that there are more decent mortgage products coming back onto the market after the credit crunch it's about time there were some good products to stimulate the housing market.

Anonymous said...

unfortunely the post office use 3 valuing companies, all have been instructed to down value properties. Especially new builds