Who has the best 5 year fixed buy to let mortgage right now?
Are you looking for a buy to let mortgage?
Paragon Mortgages are one of the latest lenders to add a 5 year fixed rate to its buy to let range. If you are an investor, this could be of interest to you, if you’re looking to reduce risk to financial exposure in the current uncertain market. [L1]
What about the deposit?
Paragon’s interest rates start at 3.75% with deposits of up to 25%.
Remember, buy to let mortgages require a bigger deposit, so the more you can manage, the better the deal. Many of the best mortgage rates can be found with 40% deposits upwards.
Fixed rate vs tracker.
What should I do?
Whether you are a first-time investor considering venturing into the buy to let market or whether you have a bit more experience, the array of options available can be a bit daunting.
To work out the best deal for you and your particular circumstances, talk to one of our experts here at Deal Direct. We are available 24/7 to advise you on the whole of the market and can help you secure the right deal.
We are regulated by the FCA to offer mortgage advice, however we are not regulated to offer general financial advice. To discuss the suitability of property as investment you need to speak to an IFA.
Please note:
Buy to let mortgage applications from:
- applicants whose intention is to benefit from house price growth
- applicants whose intention is to benefit from rental income
- applicants who are letting to buy
will be treated as normal buy to let and not as a consumer buy to let. In addition, their subsequent remortgage applications will also be treated in the same manner.
