One of our specialist lenders has announced the launch of new lifetime Base rate tracker products available to both Ltd Co & individual Landlords up to 75% Loan to value or purchase price.
· Lifetime tracker current rate 4.99% (1.99% + Base rate) with no early repayment charges, 3% lender completion fee (can be added) up to 75% Loan to Value or purchase price (whichever is lower).
· Lifetime tracker current rate 4.99% (1.99% + Base rate) with 2-year tie in (1% ERCs during years 1 & 2), 2% lender completion fee (can be added) up to 75% Loan to Value or purchase price (whichever is lower).
· Rental assessment rate applied at 6.99% – 125% cover required for Ltd Co & basic rate taxpayer, 145% applied for higher & advanced rate taxpayers.
· Top slicing available for all this lenders Buy to Let products which enables any excess portfolio rental or personal income to offset any perceived shortfall in rental cover to maximise potential mortgage amount.
· Minimum value £75,000 per property.
· Portfolio landlords Up to 20 properties to a total value of £10m with this lender, no limit on the number or value held with other lenders
This lender has relaunched their fixed rate products last week with fixed rates available from 5.19% (2 year fixed) or 5.44% (5 year fixed).
Funds are limited and once these have been fully allocated the products will be withdrawn with little or no notice provided.
If you’d like me to put you in touch with my very mortgage broker to discuss these products, or any aspect of buy to let finance, please email me
peter@ThePropertyTeacher.co.uk
Here’s to Successful Property Investing.
Peter
Peter Jones
(ex) Chartered Surveyor, author and property investor
https://www.ThePropertyTeacher.co.uk
PS. By the way, I’ve rewritten and updated my best-selling e-book, The Successful Property Investor’s Strategy Workshop, which is an account of how I put together my multi-property portfolio, starting from scratch and with no money of my own, and how you can do the same.
For more details please go to:
https://www.ThePropertyTeacher.co.uk/the-successful-property-investors-strategy-workshop