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Ipswich Building Society now offer 80% Loan To Value on their Buy to Let mortgage range for a minimum loan of £75,000.
There is a 2 year Discounted rate available at 2.95% (variable rate currently 5.49% with a discount of 2.54% until 2 years from completion date). Application fee £199 and completion fee £950.
Also a 2 year fixed rate of 3.15% until 30 April 2020. Application fee £199 and completion fee £950.
Stress Testing requirements for affordability require a minimum 145% rental cover against the monthly mortgage payment stressed at a rate of interest of either the Product Rate +2% or a minimum rate of 5.5%.
The Property118.com mortgage sourcing tool is available for you to use with our compliments. This system can be used to source both residential and buy to let mortgages. It is updated live by mortgage lenders and even includes mortgage products available exclusively via broker networks. You can compare total costs of mortgages, including fees, over any period of time. Please Click Here
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