Two new and exclusive
buy to let mortgage deals have been launched by John Charcol.
The first
buy to let mortgage is offered with Scarborough Building Society and offers mortgage borrowers a virtually fee-free deal.
Offering an initial
mortgage rate of 3.49 per cent, the mortgage comes with no arrangement fee during September and gives a full refund on valuation fees.
Remortgagers could also choose £350 cashback.
This mortgage offers a
loan to value of up to 80 per cent.
The second groundbreaking mortgage deal is offered with West Bromwich Building Society.
Buy to let
investors could overpay their mortgage by up to ten per cent every year, without incurring early repayment charges. This mortgage is available for a maximum of 85 per cent loan to value.
The specialist buy to let mortgage broker's Roy Boulger, the senior technical manager, said buy to let now represents a significant part of the overall mortgage market.
"We are pleased to have developed some highly sophisticated deals with these
lenders that, just five years ago, would have been unheard of for your average buy to let investor," he commented.
An added benefit of these buy to let mortgage deals, available for purchase or
remortgage, is that all lending is in sterling. This way, buy to let investors are protected from any currency risk.
