New Buy To Let Deals

The property market is definitely benefiting from the perks of increased lending and low interest rate buy to let loans.

In the last month alone, leading lender The Mortgage Works has launched a number of new buy to let and refurbished deals as well as have lowered several of their existing buy to let products…

And these deals could present many appetising opportunities for property investors who are looking to rapidly expand their property portfolio.

Of the deals they have launched, they include:

• A lifetime variable managed rate of 4.99% (Note: there is an arrangement fee of £1,899 for this product)
• One year fixed rate and tracker deals of 3.99% on 70% LTV’s (includes free legal fees and property valuation). Note: there is an arrangement fee of 3.5% with a booking fee of £150
• Light refurbishment product range has expanded, introducing a new lifetime variable managed rate with an interest rate of 4.99% (Note: there is an arrangement fee of £1,899)
• One year fixed and tracker deal of 4.59% with £750 in cash backs. (Note: this comes with a 3.5% arrangement fee)
• But this is not all. The Mortgage Works has also lowered rates on one of their 3 year buy to let products, lowering it by an incredible 0.35%.

Original Article