Property Investing

If finance has been getting in the way of you climbing onto the property investment ladder, then you may be interested in the following buy to let loans that I have found.

Each of these 3 lenders have FINALLY reduced their deposit sizes/interest rates which is fantastic news for property investors like you and me as it will give us more cash to invest elsewhere!

Here the best ones that I have found to date – there are even a few 90% LTV’s in there:

London & Country:

• 3 year fixed rate 80% LTV Loan of 6.49% -  there is a £995 arrangement fee though so be careful to add this to your calculations

Nottingham Building Society

• 3 year fixed rate 70%  LTV loan of 5.59% – this is 0.3% cheaper a month than it used to be despite having a 70% LTV

NatWest

• 2 year tracker 70% LTV loan of 4.99%
• 2 year fixed rate 70% LTV loan now available for only 3.55%
• 2 year fixed rate 70% LTV loan now available for 3.65%
• 2 year fixed rate 90% LTV loan now available for 5.69%
• 3 year fixed rate 70% LTV loan now available for 5.89%

NOTE: all of NatWest’s tracker deals have an arrangement fee of £1,999, whilst their fixed rate deals have traditionally got an arrangement fee of £999.

Hopefully these drops in deposit sizes will prompt other mortgage lenders to act more competitively, so there is more choice in terms of mortgages. We will have to wait and see…

Wendy xx

P.S. If you spot any better buy to let deals out there please let me know and post them here. Thanks x