Number of buy-to-let five year fixed rate mortgages increases
There has been an increase in the number of buy-to-let five-year fixed rate buy-to-let mortgages.
According to research by a leading mortgage broker, there was an average of 125 five-year fixes during the second quarter of 2014 - this is compared to just 50 back in 2012.
Trinity Financial has access to many of the lowest buy-to-let rates and Accord Mortgages is offering a particularly good one. It is fixed for five-years at 3.69% and it has a £1,930 arrangement fee.
Borrowers will need to put down a 35% deposit to access this rate and it has a free property valuation. After the fixed rate the mortgage will revert to the lenders standard variable rate, currently 5.99%.
Please note, Accord’s mortgage is part of their ten day sale and it may be withdrawn at short notice.
If you would like help to secure a buy-to-let mortgage call Trinity on 020 7016 0790.
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