Best 'buy to let' mortgage

John_H_6

Hi Folks

Does anyone have some advice on where to get the best 'buy to let' mortgage. I really want something sub 4% if poss - but am not having much joy.

Thanks in advance

John

eurows

Thats because buy to let is dead. The risk is now too high.

herbiesjp

I think that you will find that even residential rates, with no extended tie-ins, will not be lower than 4%.

So BTLs that are charged at a premium because they are classed as semi commercial products will therefore be more expensive - there are meny deals from the mid to high 4%s

penny-pincher

I'm currently going through the same frustration trying to find a decent BLT. I had an interview with the HSBC who (contrary to my prior belief) I found incredibly helpful. She advised raising the dough on my main residence (as I've paid off the mortgage on it). She offered 4.99% for a fixed 3 years, with no extended redemption penalty, as opposed to a BLT of 6.05%. Obviously not everyone is in a position to do this but it may be worth looking into.

One downside could be that the IR may not treat the interest as tax-deductible, as you would get from a normal BLT. Does anyone know anything about this, please?

LouLouHelen

Clydesdale Bank Plc had some good schemes last time I looked but if I remember rightly you need to go through a broker to access them.