2 year fixed rate buy to let mortgage revealed by Foundation Home Loans.
A new 2 year fixed rate buy to let mortgage has recently been launched by Foundation Home Loans.
Foundation offers the mortgage at a rate of 2.89% but stipulate a minimum loan size of £200,000. The loan is available at an ICR of 125% for limited companies and 145% for individuals.
Although 5 year fixed rate buy to let mortgages are very popular, a number of landlords find this to be too long a term for their needs. They prefer a product that offers more flexibility in the face of current market uncertainty.
If a shorter-term fixed rate mortgage option is of interest to you, Deal Direct can source products from all around the UK. Compare and contrast what is currently available with the help of one of our expert advisers and secure a more affordable deal at the same time as retaining flexibility.
We are regulated to offer independent mortgage advice; however, we are not regulated to offer general financial advice. If you want to discuss the suitability of property as an investment, you will need to contact an independent financial adviser.
Please note:
Buy to let mortgage applications from:
- applicants whose intention is to benefit from house price growth
- applicants whose intention is to benefit from rental income
- applicants who are letting to buy
will be treated as normal buy to let and not as a consumer buy to let. In addition, their subsequent remortgage applications will also be treated in the same manner.
Consult Deal Direct for a wide range of affordable buy to let mortgage solutions on 0800 048 8828.
