Cashback offers remain popular with buy to let mortgage lenders.
The cashback offer is still proving to be a popular incentive with buy to let mortgage lenders. So much so that some lenders are increasing the amount they are offering as a benefit.
This could be great news for you if you are a landlord looking to make as much of a saving as possible on the costs of sourcing and securing a mortgage.
Accord, for example, has increased its cashback to £500 on a selection of its 60% and 65% mortgages with rates fixed for 2 years. Other products in the range have £250 cashback available. The offers are valid for new buy to let mortgage applications as well as remortgage.
However, if this sounds like a great deal for you, before you make your decision to apply, it would be wise to first evaluate the true cost of the mortgage. This can be done with our expert help as we’ll compare this deal with others available and factor in all the elements. Only in this way will you be able to determine the true value of the deal and whether it matches your goals and priorities.
For expert advice on buy to let mortgages, talk to Deal Direct.
Please note that Deal Direct 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.
Also, please be aware 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.