Month: September 2011

Buy to let interest only mortgage. 75% loan to value, tracker rate of 3.99%, arrangement fee of 2.5%, no early redemption penalties after 12 months (subject to terms). As an example a £120,000 purchase (the property we have for sale at Canonmills) would require a £30,000 deposit and have monthly repayment of £318 against a likely gross rental of £550.

There are of course many important factors to consider when making an investment property purchase. A critical component, for the majority, is the availability and cost of mortgage funds. The most commonly used funding is a buy to let mortgage and to ensure investors have access to the best mortgage deals possible we will source and publish market leading products as they become available.