Buy To Let

nuttycam

We are looking for a good buy to let mortage and just wanting to see if anyone know of any good deals out there??

Best i have found so far are:

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Northern Rock
http://www.northernrock.co.uk/mortgages/selector/result.asp

Flexi Tracker for Life FSO Rate PA 5.99%, APR 6.2% LTV 87%, Fee n/a - Term, Early Repayement £0 None
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Lloyds / Cheltenham & Gloucester

http://www.lloydstsb.com/mortgages/buy_to_let

2-Year Tracker

For loans of £25,000 or more and up to 85% of your property's value


Initial rate, currently
5.19% (variable) Tracks at 0.69% above the base rate until 30 June 2008

Followed by our Standard Variable Mortgage Rate, currently
6.50% for the remainder of the term

The overall cost for comparison is
7.1% APR

Product fee (to reserve your deal)
£599

Early Repayment Charges
None

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2 Year Fixed Rate

For loans of £25,000 or more and up to 85% of your property's value


Initial rate Followed by our Standard Variable Mortgage Rate, currently The overall cost for comparison is Product fee (to reserve your deal) Early Repayment Charges

Initial rate, currently

Followed by our Standard Variable Mortgage Rate, currently
5.29% Fixed until 31 May 2008
6.50% for the remainder of the term

The overall cost for comparison is
7.1% APR

Product fee (to reserve your deal)
£599

Early Repayment Charges

Before 01/06/07 2%

01/06/07 - 31/05/08 1%

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Any advise / info would be much appriciated!

joepubli

From you list only, the 2 yr fixed seems the best as long as you remortgage when the two years is up.

AndrewSmith

I have seen this one:

West Bromwich B/Soc

2 year tracker base plus 0.2% thus payrate of 4.7%

booking fee £449.00 can be added to the loan
Valuation fee £varies dependant upon value (200,000 valuation = £300)

NO EARLY REDEMPTION PENALTIES AT ALL ANYTIME.

Rental income needs to be at least 120% of the mortgage (worked out at a rate of 4.79% for this calculation)

Fully portable to a new property.

Overall cost for comparison 6.5% APR


Hope this helps

Andy