Saturday, November 03, 2012

BTL mortgage market

The buy-to-let mortgage market has improved considerably this year and the number of products available to landlords has increased. This has led to greater competition between lenders resulting in some excellent deals being offered.

Lenders have also started providing special deals to landlords which are available exclusively through selected brokers only. These products are often highly competitive, designed for specific customer lending requirements and may only be offered for a limited time. The provider of Property Hawk Mortgages has been chosen by a number of lenders to distribute this type of targeted product and currently has a range of special deals on offer. These include buy-to-let mortgages with Hinckley & Rugby Building Society, Leeds Building Society, Accord Mortgages, Kent Reliance and Skipton Building Society.

Special deals available via Property Hawk Mortgages in October:
•    Hinckley & Rugby BS - 3.74% 2 year discount up to 75% LTV with a £1999 completion fee and no early repayment charges (5.40% APR)

•    Accord Mortgages – 3.49% BBR tracker until 30/09/2014 up to 75% LTV with a 2% completion fee and £500 cashback (6.00% APR)

•    Skipton Building Society -  4.29% fixed rate until 30/11/2014 up to 75% LTV with a 1% completion fee and a free valuation and no legal fees for remortgages (for properties valued up to £500,000) (5.10% APR)

•    Kent Reliance - 5.49% 2 year discount up to 85% LTV with a 2.50% completion fee (6.90% APR)

•    Leeds BS - 4.25% 2 year discount up to 70% LTV with no completion fee. Free valuation up to £335 for purchases and remortgages and free legals on remortgages only. (6.00% APR)

Further details of these products can be found using the Property Hawk Mortgages free online mortgage finder.



IMPORTANT! Due to current market conditions, lenders are withdrawing and replacing products with little or no notice. Please check our website regularly to see the most up-to-date products available.
Your home may be repossessed if you do not keep up repayments on your mortgages.The Financial Services Authority does not regulate some forms of mortgage.

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