Buy to let mortgage rates are cut.
Competitive buy to let mortgage deals are allowing investors to increase their property portfolios.
More investment landlords are finding themselves in a position to invest in rental property because of the competitive buy to let mortgage rates currently being offered by UK lenders.
If you are considering investing in property one of our highly skilled advisers at Deal Direct can source the best offers and advise as to which deal best suits your needs.
Skipton are one UK lender to improve its buy to let range by launching two new buy to let trackers.
With funding costs falling lenders such as Skipton advise they are are now in a position to cut their rates and pass on their cost savings.
The tracker buy to let deals offered by Skipton are available for up to 75% loan to value. At 70% LTV a rate of 3.84% plus base is offered and for 75% LTV Skipton offer a rate of 4.09% plus base.
Mortgage fees of £995 apply and at the end of the agreed term both buy to let mortgages revert to 4.45% plus base. There is a 1% early redemption charge but annual over payment of up to 10% is allowed each year.
A Skipton spokesperson commented advising that the lender's buy to let range has proved popular with investment landlords and the new deals enhance the range.
For a competitive buy to let mortgage contact Deal Direct.
