The introduction of the Funding for Lending by the Bank of England has now having effect on reducing the cost of borrowing to homeowners and landlords. The lenders are only offering these new rates on purchase or remortgage, while keeping their standard variable rates high.
If you current buy to let mortgage is on the following lenders standard variable rate it would be a good idea to review your options.
Monmouthshire Building Society 4.99% (5.00% APR)
Kent Reliance 6.58% (6.70% APR)
The Mortgage Works 4.99% (5.20% APR)
Nottingham Building Society 6.54% (6.30 APR)
Leeds Building Society 5.99% (6.00% APR)
The Coventry Building Society offers a very competitive buy to let variable rate for the mortgage term. This product is available on a remortgage or purchase.
3.99% standard variable (4.20% APR)
Maximum loan to value is 65%
Fixed price arrangement fee of £250 on application and £749 added on completion
Free valuation and free legal’s on remortgage.
Penalty free
As this lender pays commission there is no charge for my advice.
Why use Neil Soundy Financial Services for your mortgage advice in Cardiff.
We are different.
We offer at least twice the choice of mortgages compared to a standard broker.
View the video on our homepage that explains how mortgage advice has changed.
We will give you expert impartial advice.
Contact us today for a free no obligation initial discussion or meeting.
Neil Soundy Financial Services Ltd is an appointed representative of HL Partnership Ltd which is authorised and regulated by the Financial Services Authority.
The Financial Conduct Authority does not regulate some forms of buy-to-lets.
We do not give or imply legal or taxation advice. We recommend you contact a solicitor or accountant for advice in these areas.
Think carefully before securing other debts against your home/property. Your home/property may be repossessed if you do not keep up repayments on your mortgage
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