Clydesdale launch 20% deposit buy-to-let mortgages
Clydesdale Bank has become the latest lender to offer buy-to-let mortgages to investors with a 20% deposit.
The bank is launching a two-year fix at 4.49% and a five-year fix at 5.39%. Both mortgages have a £1,999 arrangement fee and they are available for loans up to £500,000.
Woolwich is another lender making a return to buy-let lending and they require investors to have at least a 25% deposit.
Their new rates are competitive and they have a range of arrangement fees. The lowest two-year fix is 3.98% and it has a £1,999 arrangement fee - investors will need a 40% deposit to access the rate.
If you have a 25% deposit, then you could access their two-year tracker rate at 4.49% and it has a £3,999 arrangement fee.
Trinity Financial has access to one of the only buy-to-let mortgages available if you have a 15% deposit. It is a two-year fix at 5.99% and it has a 1% arrangement fee.
27 January 2012
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