The best mortgage deals for buy to let investors are through Deal Direct.
There has been a significant increase in the best mortgage products offered by UK lenders for buy to let property investment.
UK mortgage lending in the buy to let property market has increased over the past year as private monthly rental costs have increased. Recent figures reveal that rent has increased by an average 5.2 per cent in the last year. It is forecast that in less that 4 years around a fifth of all UK households will be privately renting.
Factors like tax breaks for landlord investors and favourable legislation allowing problem tenants to be removed, enable lenders to grade buy to let investment as lower risk, which means more deals are now on offer.
Several mortgage lenders such as Santander, Yorkshire Building Society and the Co-operative have chosen to invest more heavily in the buy-to-let market which has resulted in the availability of more competitively priced products.
The best mortgage rates for buy to let have fallen by around half a per cent as competition in the market has increased. Many individuals now choose buy-to-let investment as their first choice for retirement planning.
Principality Building Society offer a 2 year fixed rate buy to let deal for 60 % loan to value offered at 3.59 %, with a mortgage arrangement fee of £999 and the Nottingham Building Society offer a rate of 3.89 % for 75 % LTV with a £499 booking and a £1,500 arrangement fee.
The Coventry Building Society offer a 2 year fixed deal for 65 % LTV at a rate of 3.99 % with a £250 booking and a £1,749 arrangement fee.
Property investors looking for the best mortgage for a buy to let investment should contact Deal Direct now, we will find you the most competitive product on offer.