UK Buy to Let market developments

Last post: Jan 15, 2012

Lenders are improving their Buy to Let Mortgage Ranges Some important factors that prove the buy to let UK market is on the increase are the great offers from various financial institutions including Woolwich, Yorkshire Building Society and Platform.

Lenders are improving their Buy to Let Mortgage Ranges   Some important factors that prove the buy to let UK market is on the increase are the great offers from various financial institutions including Woolwich, Yorkshire Building Society and Platform. Woolwich is offering:

  • 75% loan to value fixed rates of 5.29%
  • 75% loan to value tracker rates at base of / 3.99%
  • 60% loan to value fixed rates of 3.98%
  • 60% loan to value tracker rates at base of / 3.49%
  • Fees set at £3,999 for each loan
  • Raised loans from 65% to 75%

YBS or Yorkshire Building Society is offering:

  • Buy to let loans across UK and Wales from 23 January 2012
  • Minimum property value of £100,000
  • Minimum age requirement is now 25 years old
  • Minimum annual income is now £20,000

Platform is offering:

  • Increased loan range of up to £500,000
  • 2 year fixed and tracker rates available up to 65% with a 1% arrangement fee
  • Fixed rate has been extended to 30 April 2014
  • Anyone buying a new home without selling current home can use this mortgage

Is The Buy to Let Market on the Rise?   As the lenders steer towards supporting the buy to let market, it is an indication that our poor economic climate is on a rise after our bad year last year. During the crisis there weren't many companies offering potential landlords mortgages and best remortgage deals, but now there appears to be a demand as property prices are low and the market is filled with eager tenants.


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