Kent launches its lowest ever buy to let mortgage rate.

Kent Reliance has launches its lowest ever buy to let mortgage rate of 2.99%.

The rate applies to its discount mortgage product for up to 65% loan to value, which was marketed previously at the higher rate of 3.34%.

Kent has also made reductions to the interest rates on its 2 year fixed term mortgages.

• A fix for up to 65% LTV is now 3.19%, down from  3.79%.
• A fix for up to 75% LTV is now 3.39%, down from 3.99%.
• A fix for up to 80% LTV is now 3.69%, down from 4.49%.
• A fix for up to 85% LTV is now 4.59%, down from 5.19%.

In addition, rate reductions have been applied to it’s discounted and 3 year fixed rate mortgages for between 75% and 85% LTV. Fees apply and should be factored into your calculations when checking overall value.

In response to the recent changes landlords are facing, specialist lenders are reviewing their ranges and making amendments in a move to support clients.

To find a specialist lender going the extra mile for landlords seeking competitively priced buy to let mortgages, contact Deal Direct.

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 property as an investment, you will need to contact and 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.

To compare buy to let mortgage rates, call 0800 048 8828 now.