Buy-to-let mortgages available with a 15% deposit

by Aaron Strutt

Mar 30 2012

Trinity Financial has access to one of the only buy-to-let mortgages available with a 15% deposit.

The mortgage rate is funded by the Kent Reliance Building Society and it is fixed for two-years at 5.99%. The completion fee is 1% of the loan amount and there is a booking fee of £130.

For those with a larger deposit, there are some particularly competitive mortgages available.  Skipton Building Society offers a two-year fixed rate at 4.59% and the arrangement fee is one of the lowest in the market at £995. The lender requires a 30% deposit.

Buy-to-let mortgages are more expensive than they were a few months ago and lenders seem to be changing them more frequently.

Paragon and Mortgage Trust have withdrawn all of their investment mortgage rates and NatWest increased the price of their two-year fixed rate by up to 0.3%.  Their lowest two-year tracker mortgage is available at 4.19% to investors with a 25% deposit and the arrangement fee is £1,999.

March 30, 2012