BTL MORTGAGE PRODUCT PICK

A recap of the best 75% deals at the moment we have:
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
Platform
Interest rate: 5.79%
LTV: 60%
Product Detail: Fixed until 01/12/2012
Arrangement Fee: £1495
Early Redemption Penalties: 5% until 01/12/2012
Our thoughts: For high value properties the set arrangement fee makes it very competitive.
Lender spotlight Natwest
There are some interesting niches to Natwests buy to let mortgage products which we would like to share with you:

75% LTV

No Minimum income required

Second residential assessment if rental doesnt fit. (One property only)

This means that if you have a property where the rental is short OR because of the state of the property means rent is restricted, then they can use your income to cover the shortfall.

BTL rental calc 6.75% @ 125%

First Time Buyers accepted (Subject to affordability. Proof of income will be required)

Student Lets as long as they are on one AST, they will accept up to 5 students.