Buy to let mortgage lenders competing hotly for your business.
Ipswich BS, Precise Mortgages, Kensington and a number of specialist providers are just a few of the UK's buy to let mortgage lenders who have revamped their ranges.
In most cases, percentage points have been shaved off rates and new products introduced.
The Marsden, however, has not only reduced its rates for landlords but it has also altered its lending criteria for those seeking a remortgage deal. A combination of your rental income and earnings can now be taken into account by their underwriters, potentially increasing the opportunity of securing a better deal to reap greater profits.
As well as these changes, the lender has adjusted its offering to ex-pat customers, making the option of renting out a UK property more attractive.
To find out more about how the current buy to let mortgage market can work to your advantage, contact an advisor at Deal Direct.
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 a property as an investment, you will need to contact an independent financial adviser.
Please note that 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 a 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.