Kent Reliance launches 20% deposit £1,000,000 plus buy-to-let mortgages
Kent Reliance for Intermediaries has launched two £1 million plus buy-to-let mortgages available to landlords with a 20% deposit.
The lowest rate is discounted for two-years at 4.79% and it doesn't’t have any early repayment charges. The APR is 6.7%.
The arrangement fee is 2.5% of the loan amount and it is available for mortgages up to £3,000,000. After the discounted period, the rate reverts to the lenders standard variable rate, currently 6.58%.
Aaron strutt, product manager at Trinity Financial, says: “If you are looking for a large loan buy-to-let mortgage and you have a 20% deposit there are not a huge amount of options open to you.
“However, over the last year some of the banks have returned to the large loan buy-to-let market. If you own other properties, it might be possible to release equity from them to put towards generating a bigger deposit. This may help to secure a better rate.”
If you would like help to sure a leading buy-to-let mortgage, call Trinity on 020 7016 0790.
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