Investment Property News

Buy to let interest only mortgage. 75% loan to value, tracker rate of 3.39%, arrangement fee of 3%, no early redemption penalties after 12 months (subject to terms).

Buy to let interest only mortgage. 75% loan to value, tracker rate of 3.99%, arrangement fee of 2.5%, no early redemption penalties after 12 months (subject to terms). As an example a £120,000 purchase (the property we have for sale at Canonmills) would require a £30,000 deposit and have monthly repayment of £318 against a likely gross rental of £550.

There are of course many important factors to consider when making an investment property purchase. A critical component, for the majority, is the availability and cost of mortgage funds. The most commonly used funding is a buy to let mortgage and to ensure investors have access to the best mortgage deals possible we will source and publish market leading products as they become available.

The Bank of England’s Monetary Policy Committee today voted to maintain the official Bank Rate paid on commercial bank reserves at a record low of 0.5%. The minutes of the meeting will be published on Wednesday 17th August.