BTL Mortgage Products Update

1. BM Solutions
LTV: 75%
Interest rate: 5.99%
(After 5 years it reverts to Bank of England Base Rate +4.24% for the life of the loan)
Product Detail: 5 year fixed
Arrangement Fee: None
Early Redemption Penalties: 3% for 2 years, 2% for next 2 years, 1% 5th year.
The overall cost for comparison is 5.3% APR
Our thoughts: With a refund of valuation and no arrangement fee this is a great new option to lock into a rate for 5 years. If you are currently on a high standard variable rate, this may not even be that much more expensive.

2. BM Solutions
LTV: 60%
Interest Rate: 4.25%
(After 2 years it reverts to Bank of England Base Rate + 3.99% for the life of the loan)
Product Detail: 2 year fixed
Arrangement Fee: £999
Early Redemption Penalties: 3% for 2 years.
The overall cost for comparison is 4.9% APR

Our thoughts: This is a great low 2 year fixed rate and with a set arrangement fee fantastic for high value loans.

*** If you want to secure these rates then you do it now - 01424 205 373

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