Buy-to-Let Mortgages
Whether you're buying a new investment property and are looking for a buy-to-let mortgage to finance the purchase, or would like to refinance an existing buy-to-let property, Young Finance can help. Young Finance does not charge fees for advising and arranging mortgages. We have access to the entire mortgage market, so can guide you to the most appropriate mortgage.
Headline grabbing 'best buy' mortgage deals are rarely the perfect fit for your own specific circumstances; it's become increasingly important to investigate the banks and building societies' product-specific lending criteria and terms. Best buys are useful market benchmarks, but may not necessarily fit your circumstances.
As an indication of the market, this is one of the current 'best buy' buy-to-let mortgages. It is particularly appealing to those who want a period of certainty for their monthly repayments.
Buy-to-Let 2 Year Fixed Rate
| Rate: | 4.59% |
| Type: | 2 Year Fixed Rate |
| LTV: | 60% maximum |
| Arrangement Fee: | £800 which can be added to the loan amount |
| Booking Fee: | £250 (payable upfront) |
| Loan Amount: | £1,000,000 maximum |
| Availability: | Remortgage or Purchase |
| Penalty: | 4% Early repayment charge until 30/06/2012 |
| Overpayments: | 5% allowed per annum |
| Overall cost for comparison: | Based on a loan size of £180,000, interest only over 25 years: Period of initial rate - 24 months Initial monthly repayment - £691.56 Subsequent variable - 4.74% Subsequent payment - £714.16 Overall cost for comparison 4.9% |
Your home may be repossessed if you do not keep up repayments on your mortgage.
The Financial Services Authority does not regulate overseas mortgages, some forms of buy to let mortgages and commercial mortgages.
Call us on +44 (0)845 356 1000 for a quote tailored to your mortgage needs, make a buy-to-let mortgage enquiry or request a call back.
Current Bank Rate
0.5% - Next due: 05 Aug 10
Current Inflation (CPI)
3.2% - Next due: 17 Aug 10
3-month Sterling LIBOR
0.73344% - 13 July 10

