Buy-to-let mortgage update - Resident Broker

Hot on the heels of BM Solutions product change, I thought I would detail them again below – the 4.7% is still there by the way.

Landlord insurance brokers - NO MEERKATS! - just quotes

1. 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.

2. BM Solutions　
Interest rate: 5.7%
LTV: 75%
Rental: 125% at pay rate
Product Detail: 2 year fixed
Arrangement Fee: 2.5%
Early Redemption Penalties: 3% until 01/12/2011
Our thoughts: Alternative to the tracker above.

3. BM Solutions　
Interest rate: 5.95%
LTV: 75%
Rental: 125% at pay rate
Product Detail: 3 year fixed
Arrangement Fee: 2.5%
Early Redemption Penalties: 3% until 01/12/2012






Free property management software, Free tenancy agreements