Barclays broadens buy to let mortgage appeal with rate cut.

Barclays Bank has revised its buy to let mortgage and residential ranges and introduced new deals.

For example, buy to let loans are now available for up to £2m at 60% loan to value. The details are:

• 1.54% for a 2 year fixed rate
• 2.24% for a 5 year fixed rate

Remortgages have also been tweaked and free legal packages are available now on both its 60% and 75% LTV ranges.

Cuts in interest rates may well be welcome news, however, it is worth looking beyond the surface of the offer to evaluate the real cost and assess the overall benefit to you of the deal.

With the sheer number of mortgage products available in the UK today, working out which one is best for you and your circumstances can be tricky. With the help of one of our buy to let mortgage specialists here at Deal Direct, we can quickly shortlist the most appropriate options for you and advise which would be the most cost effective.

To explore all your buy to let mortgage options, contact Deal Direct on 0800 048 8828.

Note: Deal Direct are regulated to offer independent mortgage advice; however, we are not regulated to offer general financial advice. If you want to discuss the suitability of property as an investment, you will need to contact an independent financial adviser.

Please be aware that buy to let mortgage applications from:

• applicants whose intention is to benefit from house price growth
• applicants whose intention is to benefit from rental income
• applicants who are letting to buy

will be treated as a normal buy to let and not as a consumer buy to let. In addition, their subsequent remortgage applications will also be treated in the same manner.

For expert buy to let mortgage advice, call Deal Direct on 0800 048 8828.