Improved buy to let mortgage rates for 2018?
Landlords: if you are searching for improved buy to let mortgage rates for 2018, look no further than Deal Direct.
Even though the base rate rose for the first time in a decade in November 2017, not all mortgage lenders have raced to put their prices up. Yes, some mainstream ranges have been subject to an increase, but others, not. And it’s the niche lenders and those who work exclusively with intermediaries that are offering the best value deals.
Coventry for Intermediaries, for example, is offering their 2 year fixed rate buy to let mortgages for 0.20% less than previously. The range now includes:
- 1.49% for up to 50% LTV plus fee
- 2.05% for up to 75% LTV plus fee
Early repayment charges also apply and, should you be interested in either of these mortgages, Deal Direct can furnish you with all of the details.
Please be aware 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.