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Saturday, September 25, 2010

New 75% 5yr fixed @ 5.99%

Landlords that are looking at fixing their buy-to-let mortgage rate at less than 6% can now do so thanks to a new mortgage from BM Solutions.

The 5 year fix is priced at 5.99% and comes along with a relatively modest £999 fee with an added incentive of a refund on the valuation (max £490). The other good thing is that it reverts to a relatively affordable 3.49% above bank base rate after the fixed rate period ends.

This mortgage is only available via a mortgage broker.

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