The Northern Rock mortgage range is now more competitive.
Property investors choosing a Northern Rock mortgage can find a competitive deal with the lender's buy to let mortgage range.
Although mortgage rates for residential properties appear to be on the increase, buy to let mortgage rates have remained stable and in some cases lenders have reduced their rates.
Northern Rock is one lender who has recently reviewed some of its mortgage range and has reduced various fixed rate deals and tracker mortgage rates.
A Northern Rock mortgage can offer you the choice of a 2, 3, or 5 year fixed rate or a 2 year tracker all specifically designed for the buy to let market. Deals offer rates starting from 3.75%, cash back of up to £500 and additional features such as allowing overpayment and payment holidays.
For details of mortgage deals on offer contact Deal Direct. We are 'whole of market' mortgage brokers and can find you the most competitive deal currently available. Continued strength in the rental property market can offer you a good investment, so let one of our expert team guide you through the process.
The cutting of some interest rates on buy to let mortgages shows that the investor market is resilient. This has then increased the competition between lenders, benefiting those wishing to get into the buy to let sector and obtain good rates.
Many lenders have now launched products for the buy to let market and deals such as the Northern Rock mortgage offer flexible products for landlords.
Whether you are new to the buy to let market or are adding to your property portfolio, Deal Direct can find you a competitive deal to meet your investment needs.