Latest News 11th July 20074.99% 3 Year stepped fix 85% LTV. Get it while you can!
Lenders are withdrawing their lowest interest rates at tremendous speed at the moment. Not a day goes by without having further updates confirming more rates being withdrawn.
However, there is a fantastic bargain still available for both purchases and remortgages. It is a 3 year stepped fixed rate. This means in the first year you will pay 4.99%, second year 5.85% and third year 5.99%. The rental is calculated as 115% of the 4.99% mortgage cost which means most properties should fit the rental criteria. The lender will accept HMO's with up to 6 bedrooms and they will also accept freehold houses converted into a maximum of 10 self contained units.
If you are considering a purchase or a remortgage, this mortgage is fantastic value in the present climate but we really expect the lender to withdraw this mortgage at short notice. If you feel you would like to use it, apply immediately.