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Buy to Let Mortgage

Hi There

I am thinking of buying cheap house on a buy to let process on say £110 k house , is min deposit 25K and does anuyone know the best bank or build society to approach?

Thanks in advance

Comments

  • handytips
    handytips Posts: 372 Forumite
    The products are to a minimum deposit of 20% better if you have 25% the rent has to stack up based on a payrate of 5.99% and you are likely to have an arrangement fee of at least 2.5% valuation fee of £365 and sols fees, oh although owned by the high street lenders the products you are looking for are available via a broker offering whole of market advice. Good Luck
    I am a Mortgage Advisor. You should note that this site does not 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 shouldnt be seen as financial advice.

  • With a 25% deposit there are rates available from 3.39% with a 3% fee. As the last poster mentined this is from a Broker Only lender.

    Talk to someone whole-of-market who can give you the low down on the whole details.
    I am a Mortgage Adviser -
    You 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.
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