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Wednesday, April 03, 2013

New 4.75 BTL fixed with no fees

Property Hawk Mortgages is offering a new exclusive buy-to-let mortgage from Mortgage Trust. The initial rate is 4.75% fixed until 30/06/2015. It offers a free valuation and there is no product fee. This product is also available for loans of £500,000 up to 75% LTV and £1,000,000 up to 70% LTV.

Andy Young at Property Hawk Mortgages said:

“We are delighted to launch this new buy-to-let exclusive from Mortgage Trust with no completion fee, because even though the buy-to-let mortgage market is becoming more competitive, many of the products on offer carry high percentage fees. This can raise the overall cost of the mortgage substantially, especially for larger loans; therefore products with no completion fee can be very attractive for landlords. Offering a free valuation also reduces the upfront cost involved in arranging the mortgage, so although the early repayment charges apply until 2016, the overall cost of this product will make sense to landlords looking to fix their costs in the short term.”


Your home may be repossessed if you do not keep up repayments on your mortgage. The Financial Services
Authority does not regulate some forms of mortgage.

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