A quick search online at any of the major mortgage comparison sites will show that there is now more 85% mortgages for buy to let property than ever before. This is good news for the buy to let market place as more lenders give greater choice and help to those who have smaller deposits. 85% mortgage rates also appear to have come down which can only help increase the activity in the market place.
This will also help to boost the buy to let market place as buy to let investing becomes more affordable to those who are entering the market, or who are looking to use buy to let to further increase their pension. Over the past few years 85% mortgages have been very expensive and carried larger than average fees as they were viewed as high risk for many mortgage lenders and banks.
Which lenders currently offer 85% LTV mortgages
- Kent Reliance
If you need a buy to let mortgage then please contact me. I can help both with mortgages and advice on all aspects of buy to let and being a property landlord.