Buy to Let Best Buys

Friday 09 May 2008

Below is a summary of some of the best buy to let products currently available in the UK. Contact us for details of these and others. As independent advisors we can advise on which lenders are offering the best buy to let rates.

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Lender Rate

Mortgage
Type
Duration

Max
LTV
Fee

Redemption
penalty
Notes  
1Cheltenham & Gloucester 5.94%variableTo 31.7.1080%2.5% of adv + £99To 31.7.10Maximum 9 properties within total advance of £5m
2Loughborough
Building Society
6.35%discountFor 2 years75% £499 1st 2 yrsMaximum 4 properties within total advance of £500K. Not First time buyers
3Leek United
Building Society
6.09%discountFor 3 years75% £995 1st 3 yrsMaximum 10 properties
4Bradford & Bingley 6.24%discountFor 3 years75%2.5% of advance1st 3 yrsAny number of properties within total advance of £5m
5Cheltenham & Gloucester 5.99%fixedTo 30.6.1080%2.5% of adv + £99To 30.6.10Maximum 9 properties within total advance of £5m
6Cheshire
Building Society
6.19%fixedFor 2 years80% £1499 Ist 2 yrsMaximum 10 properties within total advance of £1m
7Post Office 6.39%fixedTo 31.5.1185% £599 To 31.5.11Maximum 15 properties within total advance of £2.5m. Not First time buyers
8Nottingham
Building Society
6.39%fixedTo 1.6.1170% £1595 To 1.6.11Maximum 10 properties within total advance of £1.5m. Not First time buyers
9Cheltenham & Gloucester 5.89%fixedTo 30.6.1380%2.5% of adv + £99To 30.6.13Maximum 9 properties within total advance of £5m
10Skipton
Building Society
6.49%fixedTo 30.6.1375% £999 To 30.6.133 properties within total advance of £750K. Not First time buyers

 

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