Andy Young, at Property Hawk Mortgages, said: “We have been having discussions with Melton Mowbray about designing a selection of highly competitive buy-to-let mortgages and are delighted to launch this new range of exclusives. The 75% LTV bracket is very popular with landlord clients – in fact the average LTV for offers processed by Landlord Centre in Q1 2013 was 74.84% - and these rates really stand out.
“A lot of products currently have high percentage fees which can add a considerable cost to landlords, especially those looking to purchase higher value buy-to-let properties. These new rates from Melton Mowbray have both a highly competitive interest rate together with a low flat fee which should make them very appealing. The HMO product is also keenly priced and could be an excellent solution for landlords looking to invest in this niche segment of the buy-to-let market, which can often generate above average rental yields.”
Tel: 029 2069 5446
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.
No comments:
Post a Comment