Buy To Let Updated:
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.
Penny 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
Penny 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
Penny 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."
Penny 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."
Penny 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
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 Any products featured may be withdrawn by their provider or changed at any time.
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