Buy-to-let mortgage rates fall to historic lows.

Since changes to buy to let mortgage regulation were introduced in April, and news of a stamp duty hike was released, some investors have been put off purchasing property.

To support this sector of the market, and to help investors continue to invest in buy to let, lenders have been reducing their rates.

Two lenders to introduce fixed rate reductions in the last week or so, are Accord and The Mortgage Works.

Accord range highlights include:

• A 2 year fixed rate mortgage for up to 65% LTV at 2.29% with an £800 fee.
• A 2 year fixed rate mortgage for up to 75% LTV at 2.89% fee free.

TMW range highlights include:

• A 2 year fixed rate mortgage for up to 65% LTV at 1.79% fees are set at 2%.

In the last 12 months rates have fallen across all fixed rate terms, 2 year buy to let rates are now set at historic lows with pricing having fallen to 3.86%, down from 4.22% a year ago.

As you can see from above, deals are available at differing rate levels, deposit levels, with varying fees and incentives. This can make searching for a mortgage a very complex business, for this reason we recommend you contact an impartial adviser at independent ‘whole of market’ broker Deal Direct.

What choose Deal Direct?

We have over a decade’s experience as an on-line mortgage broker and specialise in the buy to let sector. We have spent years building up relationships with specialist lenders who underwrite on an individual basis.

We have the expertise to help you to source a low rate deal to ensure your monthly repayments work out as low as possible.

By contacting us you can feel confident that you are receiving expert impartial and independent mortgage advice, which is based on your specific financial needs.

Our advisers are here to take your call on 0800 048 8828.

We 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 and independent financial adviser.

Please note: 

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 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 no-obligation mortgage advice and a low rate quote,

call 0800 048 8828