Current good Buy2Let remortgage interest rate?

regularsaver1

You are on a higher rate because you have consent to lease, they reserve the right to do this

there are other Halifax consent to lease rates on offer, but at a fee

jet77

Do you know what the better rates are on the consent to lease? That way I can push for them without paying a fee if I'm prepared to leave as there are better options on the market. Its worth a go before going through the whole remortgaging process.

regularsaver1

Hi

I'm not sure

you won't be able to get them fee-free though

jet77

I would rather push for the best deal possible from the Halifax instead of having to remortgage as my credit rating is leaning towards poor. I haven't applied for anything for approx 18 months and would like to keep it that way if poss but if I can get a better rate then I'd be daft not to go for it.

JoeK_3

A buy to let mortgage is assessed on rental income and an adverse credit history has little or no bearing to it.

JoeK

herbiesjp

Sorry Joe

But many if not most lenders will take adverse credit history into account.

There are now lenders that offer specific BTL deals that cater for applicants with adverse credit history

jet77

I've just contacted the business centre at Halifax and they've confirmed that I should be on a 5.49% interest rate on the consent to lease product (I wasn't going to argue:o )

They've told me that they will amend it and refund any extra that I've paid with in the next week :cool:

I hope that they don't realise that they are making an error:eek:

regularsaver1

there was a 5.49% consent to lease product

jet77

It just seems too good to be true that they are just going to drop my interest rate from 7.25% to 5.49% and give me cash back too - I don't think I'll believe it til I see it!!!:-)

JoeK_3

Grab it with both hands and quick.

JoeK