Buy to let mortgage lenders are busy changing their summer deals for landlords.
The Mortgage Works is bundling six months of free rent guarantee insurance.
The Nationwide’s buy to let brand and one of the largest lenders in the market has linked with Rentguard Insurance.
The package offers loss of rent up to a maximum of £15,000; legal fees paid up to £25,000 and court costs for landlord and tenant disputes leading to eviction.
Leeds Building Society has a host of refreshed fixed rate buy to let mortgages for refinancing or purchase. The headline rates are:
- 2.65% two- year fixed rate up to 60% loan-to-value (LTV) with a £1,999 fee
- 2.99% two-year fixed rate up to 60% LTV with a £999 fee and a free standard valuation up to £335 and free in-house legals for remortgages
- 3.19% two-year fixed rate up to 70% LTV with a £999 fee and a free standard valuation up to £335 and free in-house legal services for remortgages
“As well as reducing rates, we’ve also brought down fees on some products and added benefits, such as a free valuation and legal services, to offer a choice of packages to borrowers, whatever the size of loan they’re seeking, whether for purchase or remortgage, ” said Martin Richardson of Leeds Building Society’.
Coventry Building Society has a new range of buy to let mortgages offered through intermediaries.
The mortgages have a selection of fee structures and loan-to-values, including a 2.69% variable rate at 65% LTV a £250 booking fee, a £1,749 arrangement fee and no early repayment charges.
Also at 65% LTV is a 3.49% fixed rate until October 2016, with a £250 booking fee, no arrangement fee, or a 3.99% fix until October 2019, with a £250 booking fee and £1,749 arrangement fee.
All the Coventry buy-to-let deals include a valuation of up to £700.