Northern Rock buy to let mortgage rates are cut.
Northern Rock has decreased the rates on its two year buy to let mortgage.
Northern Rock which is owned by Virgin Money recently cut its rates on various mortgage products. Virgin Money purchased Northern Rock's banking sector in early 2012.
The interest rate on its two year buy to let deal is now fixed at 4.15% and is available for up to 70% loan to value.
This buy to let mortgage does come with a hefty £1995 fee but has the offer of a £500 rebate to soften the blow a little.
At Deal Direct we can offer you competitive mortgage deals for investors. We search the whole of the mortgage market for lenders latest and most competitive buy to let deals.
By looking for a buy to let mortgage with Deal Direct you can be safe in the knowledge that our experts can find you a good investment deal.
Recently the Residential Landlord's Association advised that the buy to let sector remains quite healthy and that investors can still find discounted properties in need of refurbishment with which to make some profit.
The buy to let market appears to remain buoyant, despite the economic downturn due to the financial crisis in the Eurozone.
The credit crunch has also seen an upsurge in demand for rental properties as many struggle with finding the deposits required to purchase their own property. This again has maintained a stable rental market.
For more information on buy to let mortgage deals we recommend you contact Deal Direct.
