For 3 & 5 year Fixed Rate Products
There is a still a high demand for investors seeking buy-to-let properties, undeterred by the additional stamp duty. Tipton & Coseley Building Society have reduced their rates on three and five-year Fixed-Rate Products to cater.
This does not constitute advice and advice should be sought in all instances before acting on it.
Demand still high for buy-to-let properties
The demand to invest in rental properties continues, despite increased tax costs on purchase, and government attempts to put a dampener on this section of the property market.
There are also those homeowners that find themselves as accidental landlords due to personal circumstances, which make up a proportion of applications.
“The demand for rental properties continues, plus there are many people who find themselves having to let property as a result of circumstance” Richard Groom, head of mortgage sales, Tipton & Coseley Building Society
Competitive rates for buy-to-let mortgages
The Tipton and Coseley Building Society has cut it’s rates on three and five year buy-to-let products.
Examples of their discounted products are:
- 3-year fixed – 2.68 % until 31 October 2019.
- No fees.
- 3-year fixed – 2.38 % until 31 October 2019.
- £199 booking fee
- £1,799 arrangement fee
- 5-year fixed – 2.98 % until 31 October 2021.
- No fees
- No early repayment charges.
These rates are attractive for both investors and consumer landlords.
“We want to support consumer landlords… to help ensure they’re aware of as many product opportunities in the market as possible.” Richard Groom
Do your research
If you are considering a buy-to-let investment, or adding to your existing property portfolio, or you find yourself in the position where you need to rent your home for a period, it pays off to do your research.
Other lenders are also offering competitive deals on their buy-to-let product rates.
Every Monday we publish the latest mortgage rates so you can keep an eye on the best deals available.
Latest Mortgages for Doctors and Dentists & Landlords
Working with a professional mortgage adviser will help you to track down the best rates for you, depending on your circumstances.
Need help with your Buy-to-Let Mortgage? Speak to Chris
If you need help with finding the best rate buy-to-let mortgage, we can help. Chris has access to the cheapest investment loans on the market.
Tel: 01403 780 770