I’ve just had some exciting news from my mortgage broker about a new buy to let mortgage product from one of my favourite lenders.
There are two 2 year and two 5 year fixed rate buy to let mortgage products all available up to 75% loan to value.
The rates on the 2 year mortgages start at 4.8% if the property has an EPC between C and A.
Or at 4.85% for properties with EPCs D or E.
And the stress test is calculated at 6.8% for the cheaper mortgages, and 6.85% for the more expensive mortgages.
The 5 year fixed rate mortgages start at 5% for properties with EPCs between C and A, increasing to 5.05% for properties that are assessed at D or E.
And the stress test for both of these is calculated at 5.5%.
Now the great thing is that all of these fixed rate mortgages come with free valuations, and with £350 cash back!
All 4 of these mortgages are available for purchases and remortgages, for properties that are single lets, for properties that are HMOs, in other words properties in multiple occupation. And also for multi unit blocks.
So if you’d like me to put you in touch with my very, very good mortgage broker about this product, or about other buy to let products.
Or HMO lending.
Or serviced accommodation lending.
Bridging. Development finance.
Or whatever it happens to be.
Any aspect of property finance.
Just drop me an email at peter@thepropertyteacher.co.uk
and I’ll put you in touch straightaway.
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