Popularity of 5 year fixed buy to let mortgage drives rates down.
The continued popularity of the 5 year fixed buy to let mortgage among landlords is having the effect of driving rates down, despite the recent increase in the key base rate.
Principality Building Society is one of a number of buy to let mortgage providers who have made adjustments to their pricing. Their mortgage product for landlords at 75% LTV was reduced by 0.10% making it one of the most competitively priced options on the market.
Increasing the value of the product is the inclusion of a standard valuation and a legal package for which there is no extra charge.
Approaching Deal Direct with your mortgage enquiry means being able to compare more suitable options from what’s on offer from providers all over the UK. Why not contact us and let us help you to gain the most from your property investments?
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.
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.