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Best Buy to Let Mortgages 2013

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  • Best Buy to Let Mortgages 2013

    Buy to let mortgages have recently improved in 2013 - and I wanted to share some recent important developments in the buy to let sector.

    - rates
    rates, especially buy to let fixed rates have fallen to their lowest in quite some time - and now represent excellent value - even 80% and 85% LTV products offer great value.

    - lenders arrangement fees
    literally over the past couple of days one lender have dropped their fees from 2.5% of the loan amount to a flat £999 - that can mean a saving of £000s on fees. This, in my opinion, represents just the beginning with lenders following suit to make their deals the most competitive.

    - self cert
    the buy to let sector is still the only first charge mortgage market to offer mortgages on a purely self cert basis. This is very useful where you're unable to prove your income.

    - 85%LTV
    there are now more lenders offering 85% buy to let mortgages - with competitive rates and fees.

    - free valuation and legal costs
    again - more and more lenders are dropping fees to entice new business.

    The buy to let mortgage business is booming in 2013 - so if you're in the market for a buy to let mortgage there's never been a better time.