Buy To Let Updated:
The buy-to-let mortgage sector has experienced something of a comeback over the past couple of years, mainly as a result of exceptionally high demand within the rental property market.
A growing number of homeowners, who are unable to move, have chosen to rent out properties instead, becoming so-called 'accidental landlords'. It is thought that around 30% of all property landlords fall into this bracket.
Hinckley & Rugby Building Society
Penny says… "Leading the way in the 60% LTV buy-to-let market is this deal, available directly or via intermediaries by post.
"The arrangement fee is split into two parts, with the lower sum of £250 required upfront. The additional £999 can either be paid upfront or can be added to the mortgage advance."
Coventry Building Society
Penny says… "This variable deal from Coventry Building Society offers an appealing mortgage package to investors.
"Available to both purchase and remortgage borrowers, this deal offers a competitive rate, generous incentives and flexible payment features."
Mansfield Building Society
Penny says… "Sitting in bronze position is this competitive variable rate deal, available either directly or via intermediaries.
Furness Building Society
Penny says… "This deal offers a competitive variable rate to investors looking to borrow up to 25% of the property value.
"Up to 10% of the outstanding balance can be overpaid each year, whilst remortgage customers will also receive a range of generous incentives."
Saffron Building Society
Penny says… "Available directly or via selected intermediaries online to purchase and remortgage investors with deposits of 20% and over, is this competitive fixed-rate deal.
"Investors can either pay the arrangement fee upfront or add the amount to their mortgage advance. Information & Rates correct as at: 21/05/2013
Speak to a BTL mortgage adviser Compare BTL mortgages for new landlords Buy to let guides
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