Two similar products – look at the detail.
This is an example of the terms, criteria and costs I would consider for Landlords looking to borrow 80% Loan to Value and minimise the capital required to purchase a property, or maximise the amount of equity that can be released. Below are two very similarly priced products from different lenders and how they could be assessed. Continue reading Spotlight on two 80% Buy to Let products
The latest buy to let lending figures highlight a rise in landlord borrowing – but the statistics are shrouding an underlying trend.
Interpreting the figures comes down to some careful reading of how the Council of Mortgage Lenders (CML) reports the findings. Continue reading Buy to Let Lending is Up – But It’s Not Booming
The number of buy to let mortgages has more than doubled over the past three years – with more special deals only available from brokers.
Landlords and property investors can choose from 483 different mortgages – up from 237 in October 2008, according to independent financial monitor Defaqto.
The number keeps rising as more lenders expand their ranges or join the market.
The cheapest fixed rate mortgage is the Platform four-year fixed rate deal at 4.79% available to January 31, 2016. Continue reading Landlords Have Double the Choice of Buy to Let Mortgages
Buy to let lenders say they are ready to open the floodgates to property investors looking to expand their portfolios rather than lend to first time buyers.
Mortgage lenders see less risk and more profits in buy to let because landlords borrow less to buy the same home as other buyers and investment mortgage interest rates are generally higher.
For landlords looking for more property, here’s a round up of some of the best buy to let interest rates and deals for the Spring Bank Holiday weekend: Continue reading Spring Bank Holiday best buy to let mortgage deals guide
Skipton Building Society has launched a 4.49% 24-month fixed rate and a 5.49% 36-month fixed rate, both available up to 60% loan to value. Continue reading Buy to Let lenders launch new products