BTL Mortage Products Update

BUY TO LET PRODUCT UPDATE

Our old friend remains the leader.

Lowest 75% products:

BM Solutions
Interest rate: 4.35%
LTV: 75%
Product Detail: 1 year tracker
Arrangement Fee: 3%
Early Redemption Penalties: 3% in first year.
Our thoughts: The lowest rental cover for 75% loan to value mortgages, but watch the reversionary rate after the first year.

BM Solutions
Interest rate: 4.70%
LTV: 75%
Product Detail: 2 year tracker
Arrangement Fee: 3%
Early Redemption Penalties: 3% in first 2 years.
BM Solutions
Interest rate: 5.4%
LTV: 75%
Product Detail: 2 year fixed
Arrangement Fee: 2.5%
Early Redemption Penalties: 3% in first 2 years.
Our thoughts: The lowest 2 year fixed rate at 75%.

Offshore buy to let mortgage for expats and foreign nationals:

Bank Of Scotland International
Interest rate: from 2.99%
LTV: 70%
Product Detail: different trackers available
Arrangement Fee: between 1% and 1.5% Our thoughts: Minimum income £50,000 and, yes, the rates are better than the ones available to UK residents!

Specialist:

If you're looking for a lender that is happy with you leasing your property to a local council then give us a call. We have rates from 4.99% at 60% loan to value.