Buy-to-let mortgage rates get better

Over the last few weeks many of the banks and building societies have improved their buy-to-let mortgage rates including The Mortgage Works, Virgin Money and Principality Building Society.

Trinity Financial pointed out to the Daily Mail that more lenders are offering sub-3% mortgages and that mortgage lenders are keen to offer more deals to landlords.

Some of the lowest buy-to-let rates are not much more expensive than the residential mortgages. For example, NatWest for Intermediaries offers one of the lowest two-year fixes at 2.79% if you have a 40% deposit. It has a £1,995 arrangement fee.

Coventry Building Society also offers a two-year fix at 2.79% and it has a £1,999 fee.  This lender requires a smaller 35% deposit.

Click here to view the Daily Mail's story: http://goo.gl/VsRaup

November 15, 2013