Buy to let mortgage demand remains high despite market downturn.
The UK residential mortgage market may have slowed but the UK's buy to let mortgage is buoyant and demand remains high.
A recent Housing Market Activity Report has revealed that residential mortgage lending fell in July, valuations for the month were 13% lower than the figures reported for July.
Market analysts advise that the eurozone crisis continued to heavily impact the UK mortgage market in June. With falling funding costs, it is hoped that lenders increased confidence and lower mortgage rates will result in August's figures showing a marked improvement.
Buy to let mortgage rates have been cut by some lenders in an effort to attract property investors.
A 2 year fixed buy to let rate has been launched by NatWest for 60% loan to value at 3.49% and Coventry BS has a 2 year fixed buy to let mortgage for 65% at 3.75%.
Trying to work out which offer is the most competitive can be complex and therefore it is vital to seek expert advice when sourcing a deal.
Deal Direct are an independent 'whole of market' broker with access to lenders lowest buy to let mortgage rates on offer in the UK.
Call one of our advisers today
for a competitive buy to let quote.
