what is best buy to let remortgage?

Smokeyone

Hello
Does anyone know which Bldg Soc is offering a buy to let based on US interest rates. Something like a special offer for a few months of 2.99% followed by a US rate of 4.7% ?

Thanks
Smokeyone

andyyorks

I think Scarborough Building Soc are doing a good deal at the minute attached to the US Libor - not sure if it's 2.99% though. Have a look on Charcoal - that's where I noticed it.

Smokeyone

Thanks for pointing me in the right direction.

Smokeyone

Aberdeen_Taff

Leeds and Holbeck Building Society are offerign a US LIBORCOL mortgage at fixed rate of 2.99%, until 30 June 2005.

followed by;

Variable rate which is 1.15% above US 3 month LIBOR , currently 2.49%, until 30 June 2015, to give a current rate payable of 3.64%. The US 3 month LIBOR rate is reviewed on 1st April, 1st July, 1st October and 1st January. Any changes in this rate will only be reflected on these dates.

followed by;

Leeds & Holbeck Building Society's standard variable rate, currently 6.74%, for 139 months.

Smokeyone

Any advice please on my first buy to let mortgage, the best I can find so far is, 20% deposit, 5.29% variable first three years followed by 6.5% variable.
Any thoughts appreciated.

Smokeyone

dougk_2

Sounds like B&W!

I have just remortgaged with them and personally I think its the best deal around!

herbiesjp

You need to look at the criteria as well, to make sure that the lender is OK with the property type and the rental income

craigb_3

try skipton.co.uk they only require 15% deposit. rates bit higher.

Smokeyone

Thanks for the info

Smokeyone

jimbob_3

trying to find the best product for remortgaging my btl property.

but most broker sites dont seem to have that as an option,

and it seems harder to use charcol etc now than it used to be

currently with coventry - on normal rate 5.41%

loan £97,000 ltv approx 70%

current rent approx £600.00

no redemption penalties any more

can i do better?

thanks

herbiesjp

Hi Jimbob

There are some cheaper rates out there, but it does depend on what you are looking for and for how long.