Lowest 'ever' buy to let mortgage rates are launched by TMW.
The Nationwide subsidiary The Mortgages Works, has launched a new 2 year fixed rate buy to let mortgage which is topping best buy tables.
This new buy to let mortgage is its lowest 'ever' 2 year fix for property investors, and is available at just 2.49% for 60% loan to value.
It is a deal aimed at both first time buy to let landlords and experienced landlords who want to increase their portfolio. The fee on this mortgage is 2.5%, which means paying £6,250 on a £250,000 mortgage.
If the fee seems high you are advised to call Deal Direct on 0800 048 8828 and we will review other available buy to let mortgages to find you the one which is most affordable overall.
A lower fee 2 year fixed rate buy to let mortgage is also on offer from the lender, a rate of 3.59% is available for 60% LTV with a £995 fee, and for 75% LTV a 2 year fix is available at 3.89% with the same fee.
During 2012 £16.4 billion was loaned to landlords as falling rates, rising rental yields and cheaper property prices made property an attractive investment. Lenders have responded to demand by releasing more deals for investors.
With so many buy to let mortgages now available it is difficult to work out which one is actually the best overall, and so you are advised to seek help.
Latest market predictions are for rates to rise, so if you are looking to invest in property you are advised to act without delay to find an historically low rate.
For the most competitive deal on offer call an adviser today on 0800 048 8828.
