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Tuesday, March 17, 2015

New 80% LTV fixed rate BTLs

Property Hawk Mortgages launches new 80% LTV buy-to-let exclusives with a free valuation

Property Hawk Mortgages has launched two new buy-to-let fixed rate mortgages with Mortgage Trust. There is a 3.00% fixed rate until 31/05/2017 with a 2.50% completion fee and a 3.25% fixed rate until 31/05/2017 with a £2495 completion. Both products are available up to 80% LTV and come with a free valuation for purchases and remortgages.

Andy Young, Chief Executive at Property Hawk Mortgages, said:

“These new buy-to-let exclusives with Mortgage Trust are very competitive in the 80% loan-to-value bracket. Fixed rate products continue to be popular with landlords and the free valuation will be attractive to clients looking to reduce their upfront costs. The 3.25% rate with the flat completion fee will be particularly useful for landlords who require a larger loan size.

“There is more intense competition in the buy-to-let mortgage market at the moment and it is great to see Mortgage Trust offering such keenly priced rates at higher levels of lending.”

John Heron, Managing Director of Mortgages, said:

“The Mortgage Trust buy-to-let proposition has a strong presence in the marketplace and it is important that we continue to adapt to the needs of UK landlords. Our special range of exclusive fixed rate products have been well received and we expect these new 80% LTV products to generate a high level of interest from landlord clients.”

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.   
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