Buy to let lenders has intensified

With recent slow down in the buy to let market has forced lenders action to drum up new business, with several lenders cutting rates and eased lending rules.

Great news for us buy to let investor, with such great offers on interest only and  repayment loans has never been so attractive.

Well, for me its mixture of both.

Typical example below, small mid terrace property, requires some updating, purchase price and renovation costing £40,000.

 

Interest only

1.73% fixed for 2 years £57.67

Repayment

1.73% fixed for 2 years £164.33

 

Stanley Co Durham

 

 

 

 

Leave a Reply

Your email address will not be published. Required fields are marked *