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BTL Mortgage Deals
leeroypenmut
Posts: 31 Forumite
I am look for mortgage product for a 75% BTL mortgage.
What's the best deals out there? Fixed if Poss and low Fees.
The best I can find is 5.50% Fixed 2Yrs and £1650 Fee
Does that sound good?
What's the best deals out there? Fixed if Poss and low Fees.
The best I can find is 5.50% Fixed 2Yrs and £1650 Fee
Does that sound good?
0
Comments
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The best rate may not be the one you are eligible for though - especially after taking into account the rental calculation.
Do you know if you fit the rental calculation criteria on that product? What is the mortgage amount needed, and what is the expected rental income?I am a Mortgage AdviserYou should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
The best rate may not be the one you are eligible for though - especially after taking into account the rental calculation.
Do you know if you fit the rental calculation criteria on that product? What is the mortgage amount needed, and what is the expected rental income?
I spoke to the lender today and she seemed ok with it, mortgage is 100,000 at 75% with rental of about 675-725pm
I know there are better rates at lower LTVs but i am looking at 75% ones0 -
[QUOTE=leeroypenmut
I know there are better rates at lower LTVs but i am looking at 75% ones[/QUOTE]
Have you considered speaking to an advisor?0 -
VIGILANT22 wrote: »Have you considered speaking to an advisor?
I have spoke to two, one with the EA and he couldn't even come close to that deal, and a local one he found the same rate but with brooker fee of 5000
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