Does anyone know of a Buy to Let re-mortgage with a rate lower than 6%?

Question

I currently have Buy to Let mortgage fixed until October at 4.99% on a loan of £171,000. Property value - £250,000. Does anyone know if there are any re-mortgage rates available at less than 6%? And if so a link would be useful. Thanks.

Answer 1

There are a few lenders offering rates of less than 6%. These include:

- The Mortgage Works

- NatWest International

- Royal Bank of Scotland International

- Birmingham Midshire Solutions

- UCB Home Loans

If you log on to www.moneyfacts.co.uk you will be able to find a best buy of BTL products. Alternatively, a mortgage broker will be able to point you in the right direction.

Good luck

Answer 2

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Answer 3

The going rate is currently higher than 6%.   No one wants to loan for less than that.  They are worried that rates could go up to 7 or 8% in the near future.

Answer 4

http://www.nlamortgages.co.uk/

nlamortgages = national landlords association mortgages

it searches all the companies/schemes - you'll see...

Answer 5

Have you tried this site?.http://www.moneysavingexpert.com

you'll find plenty of free advice on here