More lenders offering sub-2% buy-to-let mortgages
A host of banks and building societies are offering sub-2% buy-to-let mortgage rates.
Virgin Money, NatWest, Platform, Barclays, The Mortgage Works, Santander, HSBC and Skipton Building Society all have two year fixed or tracker rates below 2%.
Aaron Strutt, product manager at Trinity Financial, says: “Santander is the latest bank to improve its buy-to-let rates and it has lowered some of them by up to 0.3%.
“Two years ago the Principality Building Society launched a 1.99% buy-to-let rate and since then the market has really opened up. Rates have got lower and lower.”
Mortgage lenders are trying much harder to tempt landlords to purchase more properties or remortgage, after the recent tax changes introduced by George Osborne.
If you are planning to purchase a new buy-to-let property, or if you have a few already, it makes sense to speak to an accountant to find out how you will be affected.
Kent Reliance recently released a guide to explain the tax changes.
To secure a buy-to-let mortgage or switch to a lower rate, call Trinity on 020 7016 0790.
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