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Top 5 two-year fixed-rate buy-to-let mortgages

Top 5 two-year fixed-rate buy-to-let mortgages

Category: Buy To Let

Updated: 25/07/2013
First Published: 25/07/2013

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Continued high demand for rental accommodation has provided the buy-to-let mortgage sector with a much-needed boost over the past couple of years.

Landlords have reacted to the rise in tenant demand by broadening their property portfolios, reaping high rental yields and supplementing their monthly income with rental payments.

Mortgage lenders have also increased their buy-to-let product ranges, with a total of 468 buy-to-let mortgages available at present, compared with just 268 in July 2010.

Top 5 two - year fixed-rate BTL mortgages:

Principality Building Society
Principality
Building Society
3.29% fixed until 31.8.15
  • Maximum loan-to-value 60%
  • Minimum advance £25,001
  • £999 fee
  • Free valuation fees for second-time borrowers and free legal fees for remortgage customers
  • Overpayments of up to 10% of outstanding balance permitted

Penny saysPenny says…
"Leading the way in the two-year fixed-rate buy-to-let market is this deal, available to investors with deposits of 40% and over.

"Available directly or via intermediaries, this market-leading deal also offers incentives for purchase and remortgage customers."

Skipton Building Society
Skipton
Building Society

3.68% fixed until 30.9.15
  • Maximum loan-to-value 70%
  • Minimum advance £25,000
  • £995 fee
  • Free valuation fees for second-time borrowers and free legal fees for remortgage customers
  • Overpayments of up to 10% of outstanding balance permitted

Penny saysPenny says…
"Sitting in second place in the two-year fixed-rate market is this competitive deal from Skipton BS.

"Investors must bear in mind that £245 of the arrangement fee is required upfront."

Nottingham Building Society
Nottingham
Building Society

3.79% fixed until 1.9.16
  • Maximum loan-to-value 75%
  • Minimum advance £30,000
  • £1,999 fee
  • Overpayments of up to 10% of outstanding balance permitted

Penny saysPenny says…
"Sitting in bronze position is this competitive three-year deal, available directly or via intermediaries.

"As well as offering a best buy rate of 3.79%, investors also have the flexibility to make overpayments of up to 10% of the outstanding mortgage balance."


Skipton
Building Society
3.89% fixed until 30.9.16
  • Maximum loan-to-value 70%
  • Minimum advance £25,000
  • £995 fee
  • Free valuation fees for second-time borrowers and free legal fees for remortgage customers
  • Overpayments of up to 10% of outstanding balance permitted

Penny saysPenny says…
"This deal offers a competitive fixed rate to investors looking to borrow up to 30% of the property value.

"Investors are required to pay £245 of the arrangement fee upfront, whilst the remaining £750 can be added to the mortgage amount if they wish."

Virgin Money
Virgin Money
4.09% fixed until 1.10.18
  • Maximum loan-to-value 70%
  • £1,995 fee
  • £750 rebate
  • Overpayments of up to 10% of outstanding balance permitted

Penny saysPenny says…
"Available directly or via intermediaries to purchase and remortgage investors is this competitive fixed-rate deal from Virgin Money.

"Up to 10% of the outstanding mortgage balance can be overpaid, whilst payment holidays can also be taken at the provider's discretion.

Information & Rates correct as at: 24/07/2013

What next?

Speak to a BTL mortgage adviser
Compare BTL mortgages for new landlords
Buy to let guides

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

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