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| First time buyers are wary of the house market and are continuing to rent, making the buy-to-let market quite buoyant at present. According to some institutions rentals are at their best for 3 years |
| The number of lenders in the buy-to-let market has grown considerably over the last few years. While buy to let mortgage rates tend to be slightly more expensive than a mortgage for your own home, there are a number of attractive rates to be had. |
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| This months best mortgage rates |
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| Initial Rate |
Mortgage Type |
Details |
APR |
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| 5.04% |
Buy to let fixed |
Fixed until 31/07/2009 then tracker at 7.25% |
7.4% |
APPLY |
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| Buy-to-let mortgages based on property income |
| Generally speaking lenders base their income requirements on the property income and not on your personal income. |
| Lenders in the buy-to-let market require the rental income to be approximately 120% to 130% of the interest payment. |
| Equity can be used to finance a deposit |
| You can, if you have equity in your home, re-mortgage the property providing the deposit for a buy-to-let purchase. |
| If you have substantial equity in your buy-to-let property it is possible to re-mortgage thus providing a deposit for further purchases. |
| Multiple occupancy |
| The buy to let market has received a boost as a result of lenders accepting multiple occupation of a single home. These are known as HMOS’ where a number of people share the accommodation. |
| Attractive returns on investment are possible on this type of BTL |
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| No Broker Fees for our Mortgages |
| Remember there are no broker fees for arranging your remortgage, in fact we have some schemes where there are no lenders fees, no valuation fees and the lender pays all legal costs. |
| Complete the simple form now and we will search the whole of the market for the best remortgage solution available today. |
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| YOUR HOME MAY BE REPOSSED IF YOU DO NOT KEEP UP REPAYMENTS ON ANY MORTGAGE OR LOAN SECURED ON IT |
