Buy to let lenders and brokers claim landlords have never had it as good for mortgages – so here’s a look at some of the leading rates and deals on offer.
With the Bank of England pegging the official interest rate at 0.5% yet again, the imminent prospect of mortgage rates rising is doubtful.
But the only way is up for interest rates, so the decision for landlords is whether to twist or stick.
Sitting out with a current deal can mean missing out on a cheap fixed rate, while locking in now is unlikely to see rates decrease.
Here are some of the top buy to let mortgage deals on the market now:
Three year fixes
- 4.25% until May 31, 2017 at 60% LTV from the Post Office
- 4.88% at 75% LTV with a £1,999 fee from Aldermore Bank
- 3.29% fixed until May 31, 2016 at 60% loan-to-value (LTV) with a £1,495 arrangement fee from the Post Office
- 4.58% fixed at 75% LTV with a £1,999 arrangement fee from Aldermore Bank
- 4.39% fixed until August 31, 2016 at 75% LTV with a £265 completion fee and £999 arrangement fee from the Halifax
- 3.69% variable at 60% LTV until August 31, 2016 with £1,260 fees from the TSB
- 3.49% variable at 65% LTV with a £1,999 fee from HSBC
Don’t forget lenders can and often do change rates and terms of buy to let mortgages at short notice, so if you are buying or remortgaging and believe one of these loans is right for you, act sooner rather than later.
Cheaper rates and special buy to let mortgage deals may also be available from brokers or by applying direct to lenders.