When most advisers research But to Let mortgages, there concentrate on the initial rate and arrangement fee charged by the lender. We believe that the follow on rate charged when your initial deal expires is equally as important. This is especially so in Buy to Let mortgages as the high arrangement fees will normally make remortgaging to a new lender poor value. A fee of 2.5% of your borrowing seems standard these days.
An attractive follow on rate is offered by Abbey/Santander currently 4.24% variable.
Listed below are the current standard variable rates offered by other Buy to Let providers.
BM Solutions 4.84% / Kent Reliance 6.58% / Leeds 5.99% / The Mortgage Works 4.99%
Nottingham B/S 6.54% / Platform 5.00% / Accord 5.99% / Coventry 4.74% (27/06/2012)
Why use Neil Soundy Financial for advice on your mortgage in Cardiff?
We will give you independent impartial advice on every mortgage from every lender.
YOUR HOME OR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.