10:29 AM, 1st June 2012, About 10 years ago
The good news is that confidence and competition in the buy to let market has stood firm in the face of other economic concerns such as the problems in Europe.
The Mortgage Works, who are one of the leading buy to let lenders in terms of market share and product range, have extended all their product terms by two months keeping interest rates and loan to values including 80% the same.
The Leeds Building Society also extended the term of its 80% loan to value product, a 2 year fixed at 5.99%, by 2 months and added another 80% loan to value 5.99% Life time variable rate. All our other 80% loan to value lenders have kept their products at existing prices.
Platform have reduced a range of their products by 0.2% showing that they have an appetite for lending, and that competition in the BTL market is holding up.
There are still many buy to let products below 4% interest rate and even some below 3% as long as you do not require a higher loan to value. We are also seeing a considerable increase in products available with lower fixed arrangement fees such as £999 and no arrangement fees.
If you would like to obtain a quote, see how much you can borrow and view the full product details of the examples mentioned above please click on the link below.
to search for the most popular available Buy to Let products please click here