BTL Mortgage Deals - Anyone ??

[ukrv]

Hi

We are looking at buying 2 x Coach Houses (apartments).

Each property is a 2-bed with en-suite to master.

They are both FREEHOLD. There are 4 garages underneath each one - one of which belongs to each Coach House.

The other garages are on leases of 999 years or so, with a contribution to insurance paid to freeholder by each owner.

The "selling price" of each Coach House is £135,000.

We are buying at £120,000 each and are looking at a BTL for each of £60,000 or 50% LTV.

Rental income is £500pcm each.

We dont really have any income to speak of.

Does anyone know of any 2 or 3 year fixes with no or low charges.

Any help is appreciated - you can pm if you wish.

Thanks

[Yingtan]

Hi there.

I have access to a 4.89% fixed for two years with no extended tie ins. The arrangement fee is £599 which can be added to the loan.

LEt me know if this is of interest.