Kent Reliance buy to let mortgage rates fall.

Perhaps in response to the changes to tax for landlords due in April, some lenders in the UK buy to let mortgage market are cutting their rates.

Coventry, for example, has reduced its buy to let, flex for term variable rate by 0.20%.  

For up to 65% loan to value, the mortgage rate is now 1.99%. 

In addition, there is no early redemption clause, however, a product fee does apply. This should be taken into account when considering the overall cost of the deal.

If a fixed rate option would suit your purposes better, specialist lender Kent Reliance has reduced the price across its 5 year range. In addition to offering savings on the cost of their mortgages, they are also offering flexibility by introducing new LTV’s from 65% to 85%.

For further information on the latest buy to let mortgage offers from the length and breadth of the UK, consult Deal Direct. 

Deal Direct are regulated to offer independent mortgage advice but not general financial advice. Therefore, if you wish to discuss the suitability of property as a viable investment, we urge you to contact an independent financial adviser. 

Please also note 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 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 free, impartial and ‘whole of market’ advice on the latest rate reductions, contact Deal Direct.

Talk to a buy to let mortgage expert today on 0800 048 8828.