Trinity Financial has access to the Kent Reliance Building Society''s large mortgage loan buy-to-let rates.
The specialist broker lender, owned by OneSavings Bank, is offering borrowers with at least a 25% deposit either a two-year fixed rate at 4.49% or a two-year discounted rate at 4.39%. These deals are available to those looking for a buy-to-let mortgage between £1 million and £3 million.
Both mortgages have 1.5% arrangement fees and the discounted rate does not have an early repayment charge, allowing borrowers to repay the mortgage at any time without a substantial fee. The monthly rental income must cover 125% of the interest-only mortgage payment and after the fixed and discounted rates end both mortgages increase to the Kent Reliance’s standard variable rate, which is currently 6.58%.
Aaron Strutt, product manager at Trinity Financial, says: “Kent Reliance is one of a handful of lenders offering large buy-to-let mortgages and we have a good relationship with them. If you would like help to secure a large mortgage loan, call us on 020 7016 0790.”
October 15, 2013