The Mortgage Works (TMW) has cut interest rates across some buy to let mortgages and launched a new fixed rate deal.
Rates are down by 0.5% on mortgages for first landlords, let to buy borrowers and those offering free valuations and legal fees.
The new fixed rate is 4.99% at 50% loan-to-value over five years with a 3.5% arrangement fee. Continue reading Buy to let mortgage rates cut by TMW
The buy to let mortgage war is hotting up as more lenders cut rates as they grapple with each other to grab a larger share of the market.
Landlords are not likely to make property investment mortgages easier to access – lenders are just vying with each other to attract business to their companies rather than rivals. Continue reading Buy to let mortgage war hots up with rate cuts
Letting agents all over the UK are reporting a rush by tenants to rent buy to let homes as the mortgage squeeze continues to stop people who want to buy homes from jumping on to the property ladder.
The sadness behind the figures is that although thousands of would-be homeowners would snap at the chance of a mortgage, few can contemplate owning a home of their own in the near future. Continue reading Reluctant landlords cashing in on buy to let bonanza